LVL

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES


Lynden Energy Corp. (TSX VENTURE:LVL) reports that it has arranged a
non-brokered private placement in the amount of CDN $6,300,000. These funds will
be raised by the company by issuing 15,000,000 units at a price of CDN $0.42 per
unit. Each unit is comprised of one common share and one-half of one share
purchase warrant. Each whole warrant will be exercisable at a price of CDN $0.65
for a period of 3 years.


The funds raised from this private placement will be used for the company's oil
and gas projects, and for general working capital purposes. Fees and/or
commissions will be payable in connection with a portion of the private
placement. The private placement is subject to the approval of the TSX Venture
Exchange.


Lynden is a Canadian-based oil and gas company with operations focused on our
Wolfberry and Mitchell Ranch projects in the Permian Basin, West Texas.


ON BEHALF OF THE BOARD OF DIRECTORS

LYNDEN ENERGY CORP.

Colin Watt, President and CEO

Grafico Azioni Lynden Energy Corp. (TSXV:LVL)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Lynden Energy Corp. (TSXV:LVL)
Storico
Da Giu 2023 a Giu 2024