Clarification please

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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penderite

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Clarification please

posted on Aug 01, 2010 03:17PM

obtaining approval of the Transactions by the shareholders ofCrystallex (including, without limitation, the conversion of the Note Facility and the Initial Loan intocommon shares of Crystallex at a price of Cdn$0.40 per common share).....................................................

What is this Note Facility being talked about. I'm getting confused. Initial loan...2.5 mil.? conversion to shares? CRRC will subscribe to however many shares are agreed? 19.9 % max. of KRY shares? Who bought the 70 million shares.....maybe 80 million? 30 days to buy more?

What's The Finish?

Pen is perplexed.

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