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BRIEF-Lydian Announces Fourth Quarter And Year Ended December 31, 2018 Results

Published 2019-03-12, 07:55 p/m
© Reuters.  BRIEF-Lydian Announces Fourth Quarter And Year Ended December 31, 2018 Results
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March 12 (Reuters) - Lydian International Ltd LYD.TO :

* LYDIAN ANNOUNCES FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2018 RESULTS

* ABILITY TO CONTINUE AS A GOING CONCERN IS DEPENDENT UPON GOVERNMENT OF ARMENIA RESOLVING DISPUTES WITH CO

* BECAUSE OF RESTRICTED CAPITAL ACCESS AFTER ARMENIA BLOCKADES , CO ENTERED A&R FORBEARANCE AGREEMENT

* ENTERED INTO A&R FORBEARANCE AGREEMENT WITH ITS SENIOR LENDERS, STREAM FINANCING PROVIDERS, AND EQUIPMENT FINANCIERS

* RISK THAT COMPANY MAY NOT BE ABLE TO RECEIVE FORBEARANCE FROM PARTIES UNDER A&R FORBEARANCE AGREEMENT

* LYDIAN INTERNATIONAL-THERE'S RISK THAT CO WILL BE IN DEFAULT UNDER AGREEMENTS WITH ITS SENIOR LENDERS, STREAM FINANCING PROVIDERS, EQUIPMENT FINANCIERS

* LYDIAN INTERNATIONAL- CIRCUMSTANCES IN ARMENIA INDICATE MATERIAL UNCERTAINTIES AS TO COMPANY'S ABILITY TO CONTINUE AS A GOING CONCER

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