Lydian International Limited (TSX:LYD) announced that it has entered into a forbearance agreement for a private placement of forbearance facility for gross proceeds of CAD 18.56 million on December 24, 2018. The transaction include participation from Osisko Bermuda Limited and returning investors Orion Co-Iv (Ed) Limited and Resource Capital Fund VI L.P., a fund managed by Resource Capital Funds. The forbearance facility will be available to be drawn in multiple advances from January 1, 2019 through June 30, 2019, and has a maturity date of June 30, 2019. The forbearance facility will dear interest at a rate of 15% per annum and includes a further 3% fee paid by original issue discount at each drawdown. The availability of the forbearance facility and any advances under it are subject to applicable conditions precedent to be set forth in the definitive loan documentation, which must be finalized by January 15, 2019.