"Geoteam" CJSC has been renamed to “Lydian” Armenia CJSC. This company is the subsidiary of “Lydian International Limited” company, which shall develop Amulsar gold mine. As the company informs, this decision has been reached with an understanding that as the team working in Armenia will grow into a large team of Geoteam, Lydian International, several large contractors working together on the largest investment in the country, we will need one name and identity to operate Amulsar project under.
The name change of Geoteam to Lydian Armenia does not imply any other legal changes. The company will continue to operate under the same legal conditions as it was under the previous name.
13:49 August 16, 2016