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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: Small and very short term loan

Small and very short term loan

posted on Apr 01, 2010 09:37AM

Subsequent to the year ended December 31, 2009, the Company received a $2,500 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. Subject to regulatory approval, the lender has the right

exercisable for a period from May 31, 2010 to November 30, 2010 to cause the conversion of any amount of the

unpaid balance of this loan into common shares of Crystallex at a price per common share equal to the greater of

Cdn$0.20 and 95% of the 5 day volume weighted average trading price on the Toronto Stock Exchange of the

common shares ending on the date of conversion.

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