Re: Crystallex Announces Proposed Private Placement to Raise Up to US$120 Million
posted on
Oct 11, 2011 09:35AM
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
I like the structure. It could be a win-win for new money and old.
If there is one, the devil will be found in the detail.
How is the quantum of the CVR pool determined?
Could there be a mechanism for existing shareholders to participate as of right? With only 120,000 units... probably not.