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Lysander Minerals arranges $450,000 financing



2009-05-26 12:48 ET - News Release

Ms. Kim Evans reports

PROPOSED PRIVATE PLACEMENT

Lysander Minerals Corp., subject to regulatory approval, proposes to issue up to three million units at a price of 15 cents per unit via a non-brokered private placement to raise gross proceeds of up to $450,000. Each unit will comprise one common share and one share purchase warrant entitling the holder thereof to purchase an additional common share at a price of 15 cents for a period of two years.

Proceeds of the placement will be applied to costs related to the Verticalnaya anthracite mine, other resource investments and for general working capital.

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