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Studied: Power Engineering, Exploration Technology, Worked Upstream, Midstream, Downstream in Oil and Gas, Pipelines, Drilling, Refineries. I'm Interested in very big picture, game changers that come from sizeable economic deposits of Oil, Gas, Gold, Silver, Uranium, Specialty Metals used in... More
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  • Exploration In Armenia May Be In Full Production By 2016 1 comment
    Jan 11, 2014 8:40 PM | about stocks: LYDIF

    On the top of an elevated mountain area in a remote Armenian area known as 'Amulsar' is an emerging gold discovery found in 2006. It has gone through extensive research and a NI 43-101 study and is gearing up to go into full Gold production over the next couple years.

    The ground floor upside of a project like Amulsar could net huge returns for patient investors willing to park their funds in advance of the 2016 full production date. Any increase in gold prices between now and then could categorically shift this project from ideal to super returns by two years time or less.

    Lydian International is a mineral exploration and development company with expertise and a proven track record in discovering and developing new gold projects in unfamiliar and frontier settings.

    Lydian International Ltd is a British company based in Jersey.

    Listed on the Toronto Stock Exchange ("TSX") as LYD in Canada with shareholders from around the world principally the USA, Canada and Europe including the UK.

    (From Lydian's website) "The probability of discovering large, "World-Class" gold projects is higher in prospective yet neglected regions. Lydian has illustrated this unequivocally with its discovery of the Amulsar gold project in Armenia discovered in 2006.

    Lydian has started the year with an on-time, on-target Gold resource update of 1.8Moz gold at 1.1 g/t in Measured, 0.6Moz gold at 1.0g/t in Indicated and 1.7Moz gold at 0.8 g/t in Inferred using a 0.3 g/t cut-off.

    Resource figures were updated on March 2013. Importantly this resource remains open in all directions with ready means of finding more ounces in all directions including at depth. M&I mineral resources at Amulsar are commonly surrounded laterally and sometimes at depth by a halo of Inferred category resource.

    This year the Company has drilled a number of exploration diamond and reverse circulation drill holes. There is a planned two year construction period with full production estimated in 2016.

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    Lydian's largest shareholder is the International Finance Corporation (IFC; part of the World Bank Group). The European Bank for Reconstruction and Development (EBRD) is also a major shareholder in the Company.

    View the full Dec 2013 Presentation here

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    Source: LINK

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    Themes: Gold mine, exploration, armenia, gold Stocks: LYDIF
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  • tullii
    , contributor
    Comments (119) | Send Message
     
    Author’s reply » LYDIAN to obtain $15MM-$17.5MM in bought deal by February 18, 2014 at C$1.00 per Ordinary Share. This is around 12% of the company Market Cap.

     

    TORONTO, Ontario, January 28, 2014 – Lydian International Limited. (TSX:LYD, OTCBB:LYDIF) (“Lydian” or the “Company”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. and Scotia Capital and including BMO Capital Markets and National Bank Financial (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 15,000,000 ordinary shares (the “Ordinary Shares”) of the Company, at a price of C$1.00 per Ordinary Share (the “Offering Price”) for aggregate gross proceeds to the Company of C$15,000,000 (the "Offering").

     

    The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 2,250,000 Ordinary Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering to cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional C$2,250,000 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$17,250,000.

     

    The Ordinary Shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada, other than the Province of Québec.

     

    The Company intends to use The net proceeds of the Offering are expected to be used to progress the Company’s Amulsar Gold Project in Armenia, including the completion of a bankable feasibility study and detailed engineering and for general working capital purposes.

     

    The Offering is expected to close by February 18, 2014 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.
    12 Feb 2014, 08:47 PM Reply Like
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