Wednesday, August 31, 2011
Today's news that Lynden Energy Corp. has secured financing up to $50 million is significant. The bank has completed their due diligence and concluded that the company's reserves and assets are valid thus authorizing the credit facility. Lynden is now able to fund their development and other expenditures without further dilution. With the financing in place, Lynden Energy Corp. is now a real oil and gas company!