By Devika Patel
Knoxville, Tenn., Dec. 31 - Lydian International Ltd., formerly Dawson Creek Capital Corp., said it settled a C$8,629,500 non-brokered private placement of units. The company also announced it completed its previously announced transaction to acquire Lydian Resource Co. Ltd.
The company sold 6,903,600 units at C$1.25 apiece. Each unit consists of one post-consolidation share and one warrant. Each whole warrant will be exercisable for one post-consolidation share at C$1.55 for two years.
Newmont Mineral Holdings BV and International Finance Corp. each bought 1 million units.
Lydian is a mineral exploration and development company based in Jersey, Channel Islands. It has received conditional approval of the Toronto Stock Exchange to list its shares, which are expected to begin trading on the Exchange by Jan. 4, under the symbol "LYD."
| Issuer: | Lydian International Ltd.
|
| Issue: | Units of one post-consolidation share and one half-share warrant
|
| Amount: | C$8,629,500
|
| Units: | 6,903,600
|
| Price: | C$1.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.55
|
| Agent: | Non-brokered
|
| Investors: | Newmont Mineral Holdings B.V. (for C$1.25 million), International Finance Corp. (for C$1.25 million)
|
| Settlement date: | Dec. 27
|
| Stock symbol: | Toronto: LYD
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
