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Lysander Minerals Corp

Publié le 25 août 2009

Approximately C$3 Million Unit Financing

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Mots clés associés :   Canada | Copper | Ukraine |
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Tuesday, August 25, 2009
Lysander Announces Approximately C$3 Million Unit Financing

  Not for distribution to United States newswire services or for dissemination in the United States

Vancouver, Canada - Lysander Minerals Corp. (TSXV: LYM) (the "Company") is pleased to announce that it has entered into an agreement with GMP Securities L.P. ("GMP") in connection with a "best efforts" private placement offering (the "Offering") consisting of up to 15,000,000 units (the "Units") at a price of C$0.20 per Unit for aggregate gross proceeds of up to C$3,000,000.

Each Unit will consist of one common share (a "Common Share") of the Company and one half of one common share purchase warrant (each whole warrant, a "Warrant") with each Warrant entitling the holder thereof to purchase one Common Share at the exercise price of C$0.30 per Common Share for a period of 24 months following the closing of the Offering.

The Company expects to close the Offering on or about September 15, 2009, subject to applicable regulatory approvals. All securities issued as part of the Offering will be subject to a four-month hold period from the closing date.

It is intended that the net proceeds received by the Company under the Offering shall be used for costs related to the care and maintenance of the Verticalnaya anthracite mine currently under option by the Company while the Company pursues the necessary approvals in connection with completing the acquisition and assesses development plans for the mine and for general working capital. In the event that the Company is unable to obtain the requisite approvals (including shareholder and regulatory approval) in connection with the acquisition of the Verticalnaya anthracite mine, the net proceeds of the Offering will be used by the Company for other resource investments and for general working capital.

On behalf of the Board,


Bryce M.A. Porter
President and CEO


About Lysander


Since the spin-out of its Lorraine-Jajay copper-gold project to Lorraine Copper Corp. (TSX-V: LLC) in April 2008, Lysander's declared strategy is to seek advanced resource projects with potential for exceptional returns, without geographical limitations. It has focused on energy, commencing with options to acquire the Verticalnaya anthracite coal project in the Donbass Coal Basin of the Ukraine.

In September 2008, a NI 43-101 technical report on the Verticalnaya mine was prepared on behalf of Lysander and is available on SEDAR (www.sedar.com) and the Company's website. A technical report on a possible satellite operation north of Verticalnaya mine is currently in preparation.

The Verticalnaya coal mine is situated in the Lugansk region of the Ukraine. The mine previously produced anthracite, a high quality, premium priced coal. It is on care and maintenance after a period of low production following the break-down of the Soviet Union.

Please visit our website at www.lysanderminerals.com for further information.


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 release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
 
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Données et statistiques pour les pays mentionnés : Canada | Ukraine | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Ukraine | Tous

Lysander Minerals Corp

EN DÉVELOPPEMENT
CODE : LYM.V
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Lysander est une société basée au Canada.

Lysander est en développement de projets d'argent, d'or et de charbon en Ukraine, et détient divers projets d'exploration au Canada.

Son principal projet en développement est VERTICALNAYA en Ukraine et ses principaux projets en exploration sont OSILINKA (CAT/BET), BOOT-STEELE et CAT / BET au Canada.

Lysander est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 68,5 millions CA$ (68,4 millions US$, 50,3 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2001 à 0,02 CA$, et son plus haut niveau récent le 21 janvier 2011 à 0,82 CA$.

Lysander possède 103 801 000 actions en circulation.

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Financements de Lysander Minerals Corp
25/06/2009Closes Oversubscribed Private Placement, Raises $600,400
26/05/2009Proposed Private Placement
Attributions d'options de Lysander Minerals Corp
24/06/2008Board Of Director Appointments & Grant Of Stock Options
Projets de Lysander Minerals Corp
17/03/2011Golden Reign Resources - Groundwork 1-2
05/11/2007(Osilinka (cat/bet))Osilinka 2007 Drill Program Completed
23/10/2007(Osilinka (cat/bet))Osilinka Drill Program Progress Report
Communiqués de Presse de Lysander Minerals Corp
02/01/2014Adversos Venalicium Turpis
07/11/2013Regulatory Capture Imminent
03/10/2013Larry Myles Reports, October 2013
05/09/2013LMR September - Gold and Silver Demand Will Soar
06/06/2013Welcome to the world of Fringe Economy
05/05/2013The Environment of Trust in Crisis
05/02/2013Larry Myles February Report
08/08/2012LMR August Doomsday Economics
03/02/2012Gold Bonds: Averting Financial Armageddon
18/12/2011Larry Myles December Report
09/02/2011Eastcoal Inc. Commissions Construction Of Coal Washing Plant
13/09/2009The followup to Gold, Silver and the US Dollar
07/09/2009Gold, Silver and the US Dollar
25/08/2009Approximately C$3 Million Unit Financing
31/05/2009LMR June Report: Gathering Gold while Avoiding the Dollar
28/02/2009March 2009: Gold - Production, Supply and Demand
16/02/2009President's AGM Address to Shareholders
25/01/2009February 2009: Gold - The Inevitable Triumph (link repaired)
01/01/2009Larry Myles Reports: The Case for Gold continues into 2009
30/11/2008Compelling and Unstoppable - The Historic Secular Gold Marke...
07/08/2008Board Changes
22/07/2008Positive Progress At The Verticalnaya Coal Mine In Ukraine
26/06/2008Letter Agreement Signed With Ukraine Coal
10/04/2008Eastfield/Lysander Plans Of Arrangement - Spin-Off Of Lorrai...
08/01/2008Osilinka 2007 Drill Program Completed
01/11/2007Plan of Arrangement; Spin-Off of Jajay Interest
21/02/2007Lysander Options 100% Owned Pinchi Project
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