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Orion further reduces Lydian stake

Orion Mine Finance has taken steps to further reduce its stake in Lydian International (TSX: LYD), whose partially-developed gold project in Armenia has been hamstrung for more than a year.

Staff reporter
Orion helped fund Lydian’s currently stalled Amulsar gold project in Armenia

Orion helped fund Lydian’s currently stalled Amulsar gold project in Armenia

Orion clarified it had agreed to sell 10 million shares at 10c each, not at 1c as stated a day earlier, which would reduce its stake to 11.7%. The company, which had helped fund the partially-completed...

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