OK... I found what I was looking for in a company release at:

http://www.crystallex.com/News/Press...

Dated February 8, 2008... titled "Crystallex Updates Shareholders on the Las Cristinas Project".

"During February, 2008, Crystallex successfully completed an Equity Unit financing for gross proceeds of C$69.1 million (net proceeds of C$64.8 million) with significant institutional interest and participation. This funding is expected to meet the Company's working capital needs for the next 18 months. The Company is in sound financial condition to mobilize and launch the initial construction activities, once the pending MinAmb permit is issued."

It does leave the question of why the funds were raised a bit open to interpretation. "We're financially positioned to go to work now and not worry about money for 18 months" or "We need the money because we have a feeling we won't have the permit in hand for quite a while and we need the financial buffer".

I knew I had read something... but couldn't remember when or where.