The European Bank for Reconstruction and Development subscribes for ordinary shares of Lydian International

The European Bank for Reconstruction and Development (“EBRD”) acquired, by way of non-brokered private placement, 33,500,000 ordinary shares of Lydian International Limited (the “Company”) for aggregate gross proceeds of C$11,390,000. The transaction closed on August 15, 2016. The Company will use the net proceeds of the private placement for the financing of environmental and social mitigation measures and related activities in connection with development of the Company’s 100%‐owned Amulsar Gold Project. Fasken Martineau advised EBRD with a team that included Thomas Wexler, Jodi Katz and Vanessa McMinn.