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EXPERT INFORMATIONOfficials

Lydian International Board Director Resigned

Lydian International Board Director Resigned
12:06 October 24, 2012

EcoLur

The official website of the company informs that Mr. Huw Williams, a Company board director designated by the European Bank for Reconstruction and Development (EBRD) has resigned from the board after being appointed to other position.

Lydian International Ltd. (“Lydian” or “the Company”), a gold-focused mineral exploration and development company, which deals in Armenia with the exploration and development of Amoulsar gold mine.

Among shareholders are international financial institutions such as International Finance Corporation (IFC), a member of WB group, and the European Bank for Reconstruction and Development, EBRD. Reminder: in reply to EcoLur’s enquiry, EBRD stated that the final social and environmental impact assessment of Amoulsar project will be prepared taking into consideration the problems submitted in the opinion of the environmental expertise of Nature Protection Ministry of Armenia.



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