Lydian Provides Update on Restructuring Proceedings Under the Companies' Creditors Arrangement Act

Jan 04, 2020

TORONTO, Jan. 03, 2020 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD, Financial) (“Lydian” or the “Company”) announced today that the Company’s and its direct and indirect wholly owned subsidiaries’, Lydian Canada Ventures Corporation (“Lydian Canada”) and Lydian U.K. Corporation Limited (“Lydian UK”), previously announced protection under the Companies’ Creditors Arrangement Act (the “CCAA”) has been extended until January 23, 2020. While under CCAA protection, creditors and others are stayed from enforcing any rights against the Company, Lydian Canada, Lydian UK and a number of their direct subsidiaries including Lydian Armenia.

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