Nov 1 (Reuters) - Lydian International Ltd LYD.TO :
* LYDIAN PROVIDES CORPORATE UPDATES
* LYDIAN INTERNATIONAL LTD - ENTERE ENTERED FORBEARANCE AGREEMENT WITH ITS SENIOR LENDERS, STREAM FINANCING PROVIDERS, AND EQUIPMENT FINANCIERS
* LYDIAN INTERNATIONAL LTD - LYDIAN IS EVALUATING A RANGE OF FINANCING AND STRATEGIC ALTERNATIVES.
* LYDIAN INTERNATIONAL - REDUCED PERSONNEL, TERMINATED CERTAIN CONSTRUCTION-RELATED CONTRACTS, AND PLACED OTHER CONTRACTORS ON STANDBY THROUGH OCT 31
* LYDIAN INTERNATIONAL LTD - ADDITIONAL COST REDUCTIONS ARE IN PROCESS AND WILL CONTINUE DURING PERIOD OF FORBEARANCE
* LYDIAN INTERNATIONAL LTD - TO DATE, 130 EMPLOYEES HAVE BEEN DISMISSED AND APPROXIMATELY 115 ADDITIONAL DISMISSALS ARE EXPECTED BY YEAR END
* LYDIAN INTERNATIONAL LTD - IN ADDITION, AN ESTIMATED 1,100 CONTRACTED JOBS HAVE BEEN LOST
* LYDIAN INTERNATIONAL- LENDERS, FINANCING PROVIDERS, FINANCIERS TO TEMPORARILY SUSPEND PRINCIPAL & INTEREST PAYMENTS DUE UNTIL EARLIER OF DEC 31, 2018
* LYDIAN INTERNATIONAL LTD - AS PER COST REDUCTION PLAN, TOTAL REDUCTION IN CO'S WORKFORCE OF APPROXIMATELY 87%