Re: Nothing Like.....
in response to
by
posted on
Jul 29, 2010 12:13PM
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
Before July 30 has alwats been a possibility and probably a goal but it was never a drop dead date.
I'm curious why the focus is tomorrow when the language of the 06/07 PR stated the completion was expected BEFORE 7/30.
Here are a couple of clauses that show there is a possibility the date could move.
During the period (the “Exclusivity Period”) commencing on the date of this Agreement (the “Effective Date”) until the earlier of: (i) 5:00 p.m. (Toronto time) on July 31, 2010; and (ii) the date on which the parties or their designated affiliates (as defined herein) enter into the A&F Agreement (as defined herein), Crystallex and CRRC agree to negotiate exclusively and in good faith with each other in an effort to negotiate the A&F Agreement and other definitive agreements in respect of the transactions contemplated herein (the “Transactions”).
This Agreement shall be terminated on the earlier of (i) the date of execution and delivery of the A&F Agreement; and (ii) 5:00 p.m. (Toronto time) on July 31, 2010 or such later date as mutually agreed, without any liability to the parties other than any liability accrued to the date of termination related to any breach by a party of its obligations hereunder and any obligation Crystallex may have to pay the termination fee set out in Section 6.
JJ