Oct 14 (Reuters) - Folkestone Ltd FLK.AX :
* Folkestone enters JV with Lyon Group to acquire site FLK.AX
* At the commencement of the JV, Folkestone has committed $6.0 million in equity and loans to the JV
* The majority of the optioned land is not anticipated to settle until FY 2018
* Folkestone will be required to commit further funds in FY 2017 and FY 2018 to fund its share of development expenditure and settlements
* Source text for Eikon ID:nASX7bFKqV