BRIEF-Lydian announces proposed investment by European Bank for Reconstruction and Development

Thu Jul 21, 2016 6:13pm EDT
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July 21 (Reuters) - Lydian International Ltd :

* Lydian announces proposed investment by the European Bank For Reconstruction And Development

* Says placement has aggregate gross proceeds of c$11.4 million

* Says EBRD will subscribe for an aggregate of 33.5 million ordinary shares of company at a price of c$0.34 per share

* Upon completion of placement, European bank for reconstruction and development to hold 45.5 million shares of co Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)