Lynden Energy Corp.
TSX VENTURE : LVL

Lynden Energy Corp.

April 17, 2012 08:00 ET

Lynden Reports Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2012) -

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

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