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Tackler

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Tuesday, 08/16/2005 10:30:58 PM

Tuesday, August 16, 2005 10:30:58 PM

Post# of 73
LYR Lyra arranges 10-million-share financing

2005-05-18 13:59 ET - News Release

Mr. Sammy Cheng reports

Lyra Resources Ltd. will be seeking approval from the TSX Venture Exchange to complete a non-brokered private placement of up to 10 million units at a price of five cents per unit for gross proceeds of up to $500,000. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will be exercisable for one common share at a price of 10 cents per share for a period of two years.


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