Lynden Energy Corp.
TSX VENTURE : LVL

Lynden Energy Corp.

March 06, 2008 13:16 ET

Lynden Energy Corp.: $1.75 Million Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2008) -

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 is undertaking a non-brokered private placement in the amount of $1,750,000. These funds will be raised by the company issuing a total of 2,500,000 units at a price of $0.70 per unit. Each unit is comprised of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $1.00 in the first year and $1.25 in the second year.

Fees and commissions will be payable in connection with the private placement. The private placement is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

LYNDEN ENERGY CORP.

Colin Watt, President and CEO

WARNING: This news release contains forward-looking information. The reader is cautioned that assumptions used in the preparation of such information, although considered accurate at the time of preparation, may prove incorrect. The actual results may vary materially from the information provided herein. Consequently, there is no representation by the company that the private placement will be completed.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Lynden Energy Corp.
    Colin Watt
    President and CEO
    (604) 629-2991
    (604) 602-9311 (FAX)