Lydian announces payment date extension

TSX-listed gold developer Lydian International, which is developing the Amulsar gold project, in Armenia, on Thursday announced that its senior lenders have agreed to extend the initial loan repayment date and the availability period from August 15 to August 31. “Lydian continues to have further discussions with key stakeholders in order to complete comprehensive revisions to several key funding instruments to ensure appropriate funding is available to Lydian as it works to remove illegal blockades at the Amulsar site, resuming construction activities and completing construction and commissioning of its Amulsar project,” Lydian president and CEO João Carrêlo said.