LVL

Lynden Energy Corp. (TSX VENTURE:LVL) reports that it has raised gross proceeds
of CDN $2,043,300 by closing the second and final tranche of its recently
announced CDN $6,300,000 non-brokered private placement. The funds were raised
through the issuance of 4,865,000 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 is exercisable at a price of CDN $0.65 until May 18,
2015.


The shares, and any shares issued upon exercise of the investor warrants, issued
in the second tranche are subject to a hold period expiring September 19, 2012.


The funds raised from this private placement will be used for the company's oil
and gas projects, and for general working capital purposes. 


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)
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Da Mag 2024 a Giu 2024

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