Page ContentLydian International Limited completes C$17.2 million bought deal offeringDate Closed: 2/18/2014Value: C$17.2 millionBLG acted for the syndicate of underwriters, led by GMP Securities L.P. and including Scotia Capital Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc., in the $17.2 million bought deal offering of ordinary shares of Lydian International Limited. The offering closed on February 18, 2014. Lydian is a gold-focused mineral exploration and development company focused on Eastern Europe. Lydian intends to use the net proceeds of the offering to progress its flagship Amulsar Gold Project in Armenia, including the completion of a feasibility study and detailed engineering and for general working capital purposes. BLG’s team included Andrew Powers, Mark Wheeler, Linda Tu and Daniel Lang.