{"id":18606,"date":"2020-06-02T14:17:00","date_gmt":"2020-06-02T14:17:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2578850"},"modified":"2020-06-02T14:17:00","modified_gmt":"2020-06-02T14:17:00","slug":"lydian-provides-update-on-filing-of-financial-statements","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/06\/02\/lydian-provides-update-on-filing-of-financial-statements\/","title":{"rendered":"Lydian Provides Update on Filing of Financial Statements"},"content":{"rendered":"

Lydian International Limited (“Lydian<\/strong>” or the “Company<\/strong>”) announced today that it did not and will not file its interim financial statements for the financial period ended March 31, 2020, the related management’s discussion and analysis and the related CEO and CFO certifications by the filing deadline of June 1, 2020 and therefore is in default of its requirements under National Instrument 51-102 – Continuous Disclosure Obligations <\/em>and National Instrument 52-109 – Certification of Disclosure in Issuer’s Annual and Interim Filings<\/em>, as applicable.<\/p>\n

As previously disclosed in affidavit materials filed by Lydian with the Ontario Superior Court of Justice in its proceedings under the Companies’ Creditors Arrangement Act <\/em>(the “CCAA<\/strong>”), Lydian no longer has the capacity or ability to complete and file quarterly financial statements and related disclosure documents with its securities regulators. Lydian intends to keep those interested in its affairs updated periodically through disclosure in materials filed in connection with its ongoing CCAA proceedings.<\/p>\n

All inquiries regarding the CCAA proceedings should be directed to the court-appointed monitor, Alvarez & Marsal Canada Inc. (email: lydian@alvarezandmarsal.com or telephone: +1 416-847-5158). Information about the Company’s CCAA proceedings, including all court orders made and the monitor’s reports, are available on the monitor’s website, at: http:\/\/www.alvarezandmarsal.com\/Lydian.<\/p>\n

For further information regarding the Company, please contact: moreinfo@Lydianinternational.co.uk.<\/p>\n

\n

See Campaign: <\/strong>http:\/\/alvarezandmarsal.com<\/a>
Contact Information:<\/b>
email:lydian@alvarezandmarsal.comor telephone: +1 416-847-5158<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, Disclosure Newswire<\/a>, United Kingdom<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

email:\u00a0lydian@alvarezandmarsal.com\u00a0or telephone: +1 416-847-5158<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Lydian International Limited (“Lydian” or the “Company”) announced today that it did not and will not file its interim financial statements for the financial period ended March 31, 2020, the related management’s discussion and analysis and the related CEO and CFO certifications by the filing deadline of June 1, 2020 and therefore is in default … Continue reading Lydian Provides Update on Filing of Financial Statements<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,3,63,54],"tags":[],"class_list":["post-18606","post","type-post","status-publish","format-standard","hentry","category-disclosure-newswire","category-english","category-united-kingdom","category-wire"],"yoast_head":"\nLydian Provides Update on Filing of Financial Statements - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/06\/02\/lydian-provides-update-on-filing-of-financial-statements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lydian Provides Update on Filing of Financial Statements - 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