Aug 16 (Reuters) - Lydian International Ltd LYD.TO :
* LYDIAN ANNOUNCES FINANCING UPDATE
* LYDIAN - SENIOR LENDERS AGREED TO EXTEND INITIAL REPAYMENT DATE AND AVAILABILITY PERIOD TO AUGUST 31
* LYDIAN - CONTINUES FURTHER TALKS WITH KEY STAKEHOLDERS TO COMPLETE COMPREHENSIVE REVISIONS TO SEVERAL KEY FUNDING INSTRUMENTS
* LYDIAN- FORMALIZING TERMS TO ALLOW CO TO CONTINUE IN CURRENT CIRCUMSTANCES & BE READY TO REMOBILIZE WHEN ILLEGAL BLOCKADES ARE REMOVED