Lydian International Looking for Investors in Amulsar Gold Mine – Armenia

Scotia Capital Inc. is a renowned Canadian-based financial institution that recently lead a syndicate of banks to successful raise C$16.5 million for Lydian International. Other participating Canadian banks included GMP Securities L.P., BMO Nesbitt Burns Inc. and National Bank Financial Inc. These banks are among the global leaders in providing mining finance. Attracting interest from these banks and the ultimate investors that purchased the shares issued by Lydian could be viewed as an important reflection of interest towards Armenia. Lydian International CFO Douglas Tobler answered several questions around project financing. What does it take to attract interest from these international banks and investors in a project like Amulsar in Armenia?

International banks and investors will always be interested in high quality mineral deposits, and Amulsar is certainly among the best of the upcoming mining opportunities. However, attracting investment dollars requires more than just a good asset. Investors now place increase importance on the jurisdiction where the asset is located. Reasonable taxation regime, properly functioning legal system including recognition of international law are key consideration. Each of the syndicate banks have sent representatives to visit Amulsar, with several having been to Armenia more than once. Over time, we have successfully demonstrated the technical merits of Amulsar and have undertaken to provide more robust information about Armenia as an investment destination. Receiving the Mining Right for Amulsar last fall was an excellent message and will cause renewed interest within the mining sector.

SOURCE: Keep Reading at 168