Lydian Provides Update on Restructuring Proceedings Under the Companiesa?? Creditors Arrangement Act

TORONTO, Jan. 03, 2020 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (a??Lydiana?? or the a??Companya??) announced today that the Companya??s and its direct and indirect wholly owned subsidiariesa??, Lydian Canada Ventures Corporation (a??Lydian Canadaa??) and Lydian U.K. Corporation Limited (a??Lydian UKa??), previously announced protection under the Companiesa?? Creditors Arrangement Act (the a??CCAAa??) 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.
All inquiries regarding the CCAA proceeding should be directed to the Monitor (email or telephone +1 416-847-5158). Information about the Companya??s CCAA proceedings, including copies of the Initial Order and all other court orders made and the Monitora??s reports, will are available on the Monitora??s website, at: further information regarding the Company, please contact:

Edward Sellers, Interim President & CEO
+3 741-054-6037

Bill Dean, Chief Financial Officer
+1 720-307-5089

Or: regarding forward-looking information
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