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
Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
On KRY's award, interest is calcuated at the 6-month average U.S. Dollar LIBOR + 1%, compounded annually, calculated from 13 April 2008. In April of 2008, the 6-month avg US. Libor was 2.61%. So add one percent to that and the interest rate should be approx 3.61% on the total award. The award was $1.202 billion. By my calculation, if the award is paid exactly 15 years from April 13, 2008 – on April 13, 2023, then the interest should amount to approx. $844 million.