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: Why the 35M$ financing ?

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.

This part is not clear to me.

Does it apply to all the costs incurred over the years ( engineering etc.) which were integral to the permitting process or is it only referring to the Updated Cost Report and the expenses that will now be incurred in pursuit of the final permit for the JV?

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