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

Free
Message: Re: is the deal done?
18
Sep 03, 2010 11:26AM
2
Sep 03, 2010 11:44AM
2
Sep 03, 2010 11:51AM
2
Sep 03, 2010 12:11PM
1
Sep 03, 2010 12:25PM

We will be voting on the A&F Agreement but the initial vote would have had us agreeing to the JV frame work of the deal and only taking effect when all points we completed. These are listed on page 5 of the primary binding agreement.

It will be much easier now that the time frame has been extended to vote as Kilo said on the whole deal. An example would have been our first time line we would have agreed upon the A&F and voted to either go ahead or reject it. The only reason for rejecting the A&F is if you believed China couldn't deliver the goods but the A&F already had an out clause that the deal could only close if all points on page 5 were completed.

Instead of now voting for the A&F with the rest of the deal to come later, we will get to vote on the A&F knowing that the points that need to be completed like the letters from VZ, the permit and the transfer of the MOC have been arranged.

It basically comes down to knowing the vote will be a yes and we will get a bigger bang by having all the pieces in place.

2
Sep 03, 2010 12:30PM

Sep 03, 2010 12:37PM
2
Sep 03, 2010 01:03PM
10
Sep 03, 2010 01:43PM
JJ
9
Sep 03, 2010 02:05PM
2
Sep 03, 2010 03:37PM
2
Sep 03, 2010 03:48PM
6
Sep 03, 2010 04:13PM
3
Sep 03, 2010 04:40PM
5
Sep 03, 2010 06:02PM
3
Sep 03, 2010 06:18PM
5
Sep 03, 2010 06:37PM
4
Sep 03, 2010 06:58PM

Sep 03, 2010 09:31PM
2
Sep 03, 2010 10:31PM
Share
New Message
Please login to post a reply