|Bid||0.0600 x 0|
|Ask||0.0600 x 0|
|Day's Range||0.0750 - 0.0800|
|52 Week Range||0.0600 - 0.2400|
|Beta (5Y Monthly)||-1.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.41|
TORONTO, Jan. 23, 2020 -- Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) announced today that the Company’s and its direct and indirect wholly owned.
The Company does not intend to appeal the decision or seek an alternative listing. The Company’s ordinary shares remain suspended from trading pending the delisting. As previously announced, the Company and its direct and indirect wholly owned subsidiaries, Lydian Canada Ventures Corporation (“Lydian Canada”) and Lydian U.K. Corporation Limited (“Lydian UK”), were granted protection under the Companies’ Creditors Arrangement Act (the “CCAA”).
All statements in this news release, other than statements of historical fact, that address events, results, outcomes or developments that the Company expects to occur are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “intends”, “anticipates” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “will”, “would”, “should”, or “occur” or the negative or other variations of such terms.
TORONTO, Dec. 23, 2019 -- Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) announced today that the Company and its direct and indirect wholly owned.
TORONTO , Dec. 23, 2019 /CNW/ - The following issues have been halted by IIROC: Company: Lydian International Limited TSX Symbol: LYD (All Issues) Reason: Pending News Halt Time (ET): 8:58 AM IIROC ...
The reasoning of the Court is important in the context of ongoing unlawful activities against the Amulsar Project. A small number of private citizens alleged that ‘new ecological factors’ had come to light which justified setting aside the existing EIA.
Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today its results for the three and nine months ended September 30, 2019. As a result, on March 11, 2019, two of Lydian’s subsidiaries formally notified the Government of Armenia of the existence of disputes with the Government of Armenia under the UK BIT and the Canada BIT. Starting on August 19, 2019, the Prime Minister has made repeated statements that Lydian’s access to the Amulsar Project site should be restored.
Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) commented on a decision by Armenia’s Ministry of Environment to reject the Company’s application to draw water from the Darb River. On July 4, 2019 the Company applied to the Ministry of Environment to water use from the Darb River at a volume of 43․5 l/s. On September 9, 2019 the Ministry suspended and commented on the application, including one comment on the need to revisit the 43.5 l/s requested due to a seasonal insufficiency of water in the Darb River during three months of the year.
Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) is pleased to announce that the Administrative Court of Armenia ruled on October 15th in favor of Lydian Armenia, a subsidiary of Lydian, and upheld the Company’s appeal against a Directive of Armenia’s Environmental and Mining Inspection Body (Inspection Body), dated August 27, 2018 preventing any mining related activities at the Amulsar Project (Directive 30-A). Mr. Artur Grigoryan, former Head of the Inspection Body, directed the Company on August 27, 2018 to refrain from any mining-related activities until the Ministry of Nature Protection conducted a study of ‘new found ecological factors’ alleged by Mr. Grigoryan to have been identified at the Amulsar Project for the first time.
During the forbearance period, the Company will continue to review all alternatives available, including strategic, financing, restructuring and legal alternatives. The Company’s previously announced forbearance agreement with its senior lenders, stream financing providers, and equipment financiers was set to expire on October 11, 2019.
Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) is pleased to announce the results of an updated 43-101 Feasibility Study for its 100%-owned Amulsar Project in south-central Armenia. The results of the updated Feasibility Study show an increase in reserves from 102.6 million tonnes to 119.3 million tonnes to incorporate additional measured and indicated resources, and an increase of 192,000 oz. Following a change in the Government of Armenia (“GOA”) in May 2018, demonstrations and road blockades occurred sporadically throughout the country, including at the Amulsar Project.
Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today that during a live Facebook broadcast, Prime Minister Nikol Pashinyan, of the Republic of Armenia stated that access to the Amulsar Project site should be restored and the protesters blocking access should open the roads. The Prime Minister also stated that there is no legal basis on which the Government of Armenia can prevent Lydian from advancing the Amulsar Project in accordance with permits based on an existing Environmental Impact Assessment (“EIA”) or require an additional EIA regarding the Amulsar Project at this time. The Prime Minister noted that Lydian had affirmed expressly that it would comply with its EIA performance standards and then stated that stopping the Amulsar Project on environmental grounds would clearly illustrate a discriminatory approach regarding Lydian and not enhance Armenia’s ability to attract foreign investment.
Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) expressed deep disappointment today with comments made by Earth Link & Advanced Resources Development (“ELARD”) on a Skype conference call hosted by the Government of Armenia on August 29th to discuss an environmental audit of Lydian’s Amulsar Project and related environmental impact assessments.
Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) confirmed today that Prime Minister Nikol Pashinyan of the Republic of Armenia stated in a post to social media that he asked the Ministry of Environment (“ME”) on August 21, 2019 to review a report from the Special Investigative Committee of the Republic of Armenia (“SIC”) relating to the Amulsar Project (the “SIC Report”). The SIC Report reviews Lydian’s response (“Lydian’s Response”) to the recommendations by Earth Link & Advanced Resources Development contained in its report to the SIC on the Amulsar Project (the “Audit Report”). Lydian understands that the ME’s review is directed toward whether there may need to be any further Environmental Impact Assessment (“EIA”) conducted in respect of the Amulsar Project. Lydian has received no official confirmation of either the Prime Minister’s request of the ME or the scope or duration of any review to be conducted by the ME.
Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today that during a live Facebook broadcast, Prime Minister Nikol Pashinyan, of the Republic of Armenia, stated that “The information we currently have at this moment is very clear, the exploitation of the mine does not harm the environment.” The Prime Minister went on to state that Lydian would be permitted to proceed with the Amulsar Project.
TORONTO, Aug. 16, 2019 -- Lydian International Limited (TSX: LYD) (“Lydian” or the “Company”) announced today that it has provided the Special Investigative Committee of the.
Edward Sellers, Interim President & CEO of Lydian, commented: “We are relieved that the Audit Report has been made public, as the Government of Armenia has repeatedly conditioned Lydian’s ability to advance the Amulsar Project on its results.
Lydian International Limited (LYD.TO) (“Lydian” or “the Company”) announced today its results for the three and six months ended June 30, 2019. As a result, two of Lydian’s subsidiaries formally notified the Government of Armenia on March 11, 2019 of the existence of disputes with the Government of Armenia under the UK bilateral investment treaty and the Canada bilateral investment treaty. Financing – The Company entered into the Second Amended and Restated Forbearance Agreement (“Second A&R Forbearance Agreement”) on July 1, 2019 with its senior lenders, stream financing providers and equipment financiers.