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BRIEF-Lydian Says Ability To Continue As A Going Concern Dependent On Government Of Armenia Resolving Disputes

Published 2019-05-15, 06:12 p/m
Updated 2019-05-15, 06:20 p/m
© Reuters.  BRIEF-Lydian Says Ability To Continue As A Going Concern Dependent On Government Of Armenia Resolving Disputes

May 15 (Reuters) - Lydian International Ltd LYD.TO :

* LYDIAN ANNOUNCES FIRST QUARTER 2019 RESULTS AND CORPORATE UPDATE

* LYDIAN INTERNATIONAL LTD - HAS OBTAINED SUFFICIENT FINANCING TO DATE,

* LYDIAN INTERNATIONAL LTD - AT MARCH 31, 2019, COMPANY RECOGNIZED AN ADDITIONAL NON-CASH IMPAIRMENT LOSS OF $28.0 MILLION

* LYDIAN INTERNATIONAL LTD - ABILITY TO CONTINUE AS A GOING CONCERN IS DEPENDENT UPON GOVERNMENT OF ARMENIA RESOLVING DISPUTES

* LYDIAN INTERNATIONAL - ALTERNATIVELY, FUNDING WILL BE REQUIRED UNTIL A STRATEGIC ALTERNATIVE CAN BE ARRANGED

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