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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This is from the 1st Q report in May when we found out about the $2.5M loan. Did CRRC/CREC have an ultimate deadline in the back of their mind that they would give VZ to come through?
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Convertible loan
In March, 2010 the Company received a $2,500 convertible loan from a potential strategic investor. This convertible loan bears interest at 6% and is repayable on June 30, 2010 with an extension up to November 30, 2010 as determined by the lender.