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14, April 2010

LYDIAN INTERNATIONAL LIMITED  COMPLETES PREVIOUSLY ANNOUNCED FINANCINGS  

Toronto, Ontario: April 14, 2010 – Lydian International Limited (“Lydian”) is pleased to announce that it has completed its previously announced marketed public offering of 13,700,000 ordinary shares at a price of $0.73 per share for gross proceeds of $10,001,000.  The ordinary shares were sold through a syndicate of underwriters co-led by Cormark Securities Inc. and Dundee Securities Corporation and included Canaccord Capital Corporation and Dahlman Rose & Company, LLC (who participated only with respect to sales on an exempt basis in the United States). The underwriters also exercised an over-allotment option and purchased an additional 2,055,000 ordinary shares at a price of $0.73 per share for additional aggregate gross proceeds of $1,500,150.  

Lydian is also pleased to announce that it has completed its previously announced private placement with International Finance Corporation, a member of the World Bank Group. International Finance Corporation purchased 2,436,575 ordinary shares at a price of $0.73 for gross proceeds of $1,778,699.  

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.  

For further information please contact:  

Steve Smith Investor Relations
+44 (0) 1534 747 890
info@lydianinternational.co.uk  

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Company Offices and Contacts

Investor Relations - Global
1st Floor
Capstan House
La Route Es Nouaux
St. Helier Jersey
JE2 4ZJ
Channel Islands

Tel: +44 1534 747 890
Mobile: +44 7829 848420

Email:
lucy.fowler@lydianinternational.co.uk

Head Office
1st Floor
Capstan House
La Route Es Nouaux
St. Helier Jersey
JE2 4ZJ,
Channel Islands

Tel: +44 1534 747 890
Fax: +44 1534 758 708

Email:
andy.mcnally@lydianinternational.co.uk

Toronto Office
34, King Street East
9th Floor
Toronto
Ontario
M5C 2X8
Canada

Tel: +1 416 504 8001
 

Email:
info@lydianinternational.co.uk

Operations Office - Armenia
37 Hanrapetutyan Street
4 floor
Yerevan 0010
Republic of Armenia
Website: www.geoteam.am


Tel: +3 741 058 6037
Fax: +3 741 054 6037

Email:
hayk.aloyan@lydianinternational.co.uk

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