Lydian International Limited announced that International Finance Corporation (IFC) has proposed to invest US$40 million in the Amulsar construction financing arrangement as announced by the Company on December 1, 2015.

IFC participation may include: full or partial exercise of its preemptive right in respect of the US$80 million equity private placement to Orion Mine Finance and Resource Capital Fund VI L.P. and of the $25 million public equity offering; and co-investment along with Orion and RCF in the stream agreement, term loan facility, and cost overrun facility.

IFC has been a shareholder of the Company since 2007 and presently holds approximately 7.9% of the Company's outstanding ordinary shares.

Howard Stevenson, Lydian's President and CEO, stated, "IFC is an important shareholder and has been a valued resource and partner of Lydian for many years. IFC is a well-regarded investor known for successfully contributing to the environmental and social excellence of the projects it supports. We are pleased to have IFC join with Orion and RCF to provide financial and other support during the Company's development of Amulsar."

IFC's proposed investment is subject to certain conditions, including approval by IFC's Board of Directors following completion of a required 60 day public disclosure period and execution of definitive agreements. Subject to all conditions being satisfied, completion of IFC's investment is expected by the end of June 2016.