IFC Proposes US$40-million Investment in Lydian International

Lydian International Ltd. (TSX:LYD) announced that International Finance Corp. (IFC) has proposed a US$40-million investment in the Amulsar financing agreement announced by the company in December 2015.
As quoted in the press release:

IFC participation may include: full or partial exercise of its preemptive right in respect of the US$80 million equity private placement to Orion Mine Finance (“Orion”) and Resource Capital Fund VI L.P. (“RCF”) and of the $25 million public equity offering; and co-investment along with Orion and RCF in the stream agreement, term loan facility, and cost overrun facility.
IFC has been a shareholder of the Company since 2007 and presently holds approximately 7.9% of the Company’s outstanding ordinary shares.

Howard Stevenson, president and CEO of Lydian, commented:

IFC is an important shareholder and has been a valued resource and partner of Lydian for many years. IFC is a well-regarded investor known for successfully contributing to the environmental and social excellence of the projects it supports. We are pleased to have IFC join with Orion and RCF to provide financial and other support during the Company’s development of Amulsar.

Click here to read the full Lydian International Ltd. (TSX:LYD) press release.