"The net proceeds from the offering are intended to be used
for Las Cristinas project-related expenses, debt service and for
general working capital purposes," Crystallex said.

It can be used to pay off the debt also...less financing we need to get from CRRC @ .4 (we just saved .1).

Following completion of the Updated Cost Report (as hereinafter defined) and an appraisal of the plant and equipment Crystallex owns which is located outside Venezuela (the "Plant and Equipment") by an independent third party appraiser acceptable to CRRC and Cystallex, acting reasonably, Crystallex will contribute the Plant and Equipment to JV Subco or will assign a two-thirds interest therein to CRRC, and the total appraised value of the Plant and Equipment will be offset against the amount due under the Note Facility.

We get a credit for the equipment...less financing need at .4

CRRC acknowledges that Crystallex has commissioned a detailed report by SNC Lavalin, updating the capital and operating cost estimates set out in the Feasibility Study (the "Updated Cost Report"). The out-of-pocket costs associated with obtaining the Environmental Permit and associated consents and the Updated Cost Report shall be borne as to one-third by Crystallex and as to two-thirds by CRRC with the Crystallex obligation to be funded as part of the loan obligations under the Joint Venture Agreement.

We get a credit...less we will need to contribute for our 1/3 of mine construction…increases cash flow when the mine is up and running