Re: Strategic investor notification gap

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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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Re: Strategic investor notification gap

in response to

Strategic investor notification gap

turtlefoam

posted on Apr 04, 2010 09:03PM

turtlefoam

The $ 2.5 million loan is not a material development. It is normal business so it doesn't require a press release. The terms of the loan, per the latest financials release stiplulate that the lender has the right to exercise the option to receive the loan refund balance post May 31 in KRY shares per a pre-determined price mechanism. That makes the lender a "potential strategic investor", emphasis on POTENTIAL. Once they accept to receive shares 'in lieu' my understanding is at that stage they becomes a strategic investor and we would then be within our rights to request the discolsure of the name of the investor.