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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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Message: Re: April 5th
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Mar 28, 2012 03:25PM
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Apr 03, 2012 08:21PM

Correction: Bondies wont have CVR of 57% , rather 22.9 % of additional equity and if they don't roll the debt a conversion of the $104 million will convert into common shares leaving us with 14% .

However, if the they just roll the debt instead of converting for equity we are in fat city .

We are that close to a deal and I suspect a "comprimise" could be made at the last minute and Nuebold would favor bondies offer vs Tenors allowing CRYFQ to emerge from CCAA protection .

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Apr 04, 2012 11:43AM
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