Lynden Ventures Ltd.
TSX VENTURE : LVL

Lynden Ventures Ltd.

November 09, 2005 19:53 ET

Lynden Increases Private Placement to $6,272,500

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2005) - Lynden Ventures Ltd. (TSX VENTURE:LVL) announces that its previously announced $6,000,000 private placement has been increased to $6,272,500. These funds will be raised by the Company issuing a total of 8,363,333 units at C$0.75 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of CDN$1.00 for a period of 1 year from closing. Finders' fees 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 VENTURES LTD.

Colin Watt, President and CEO

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

Contact Information

  • Lynden Ventures Ltd.
    Colin Watt
    President and CEO
    (604) 684-0561
    (604) 602-9311 (FAX)