Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Moved from D to A

Moved from D to A

posted on Apr 01, 2010 11:27AM

You always put your preference or most likely to happen 1st.

Management estimates that available funds will be sufficient to meet the Company's obligations and budgeted

expenditures through the second quarter of 2010. The Company believes it has a number of financing options

available to generate sufficient cash to fund ongoing operations and service its debt requirements as they come

due including, but not limited to, the following:

(a) introduction of joint venture partners;

(b) sale of equity securities;

(c) further expenditure reductions;

(d) additional sales of mining equipment held in storage; and

(e) negotiating a settlement with its Noteholders to reduce, eliminate or otherwise decrease its obligations,

particularly interest costs.

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