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EBRD completes C$1.6 million equity investment in Lydian International Ltd

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Overview

Client

European Bank for Reconstruction and Development

On May 22, 2009 it was announced that European Bank for Reconstruction and Development ("EBRD") completed an C$1.6 million equity investment in Lydian International Ltd. ("Lydian") (TSX: LYD) in which it acquired 3,809,524 ordinary shares and a total of 3,809,524 warrants in Lydian. Each warrant is convertible into one ordinary share of Lydian. The proceeds of the private placement with respect to securities issued to EBRD will be used for Lydian's exploration and development program in the Western Balkans and in particular the continued exploration and development of Lydian's zinc, lead, silver and gold project at Drazhnje in Kosovo (under UNSCR 1244). EBRD was advised on this transaction by a team from Fasken Martineau led by Mark Camilleri and Thomas Wexler.

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