Re: Bottom Line is:
posted on
Jan 13, 2011 11:55PM
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
CARACAS, Venezuela - CRYSTALLEX INTERNATIONAL CORPORATION (Symbol KRY on the TSX and AMEX) reported today the formal signing of a definitive agreement with the Corporacion Venezolana de Guayana (CVG) for the development of Las Cristinas 4, 5, 6 and 7, believed to be one of the largest undeveloped gold projects in Latin America and the world. The formal agreement was signed at the CVG offices in Puerto Ordaz, Venezuela with General Francisco Rangel Gomez, the President of the CVG, signing on behalf of the CVG and Crystallex's Chairman, Robert Fung, and President and CEO, Marc J. Oppenheimer, executing the agreement on behalf of Crystallex.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Crystallex International Corporation (TSX:KRY) (NYSE Amex:KRY) ("Crystallex" or the "Company") announced today it has entered into an agreement with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including GMP Securities L.P. ("the Underwriters"). Under the agreement, the syndicate has agreed to purchase, on a bought deal basis, 70,000,000 units (the "Units"), each Unit comprised of one common share (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant") of the Company, at a price of CDN$0.50 per Unit (the "Offering Price") for gross proceeds to Crystallex of CDN$35,000,000. Each Warrant will entitle the holder to acquire one Common Share at a price of CDN$0.70 for a period of one year following the date of issue.
KRY
Crystallex International CorporationAmex
|