Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Re: DRP
DRP
3
Oct 22, 2008 04:58PM

Oct 22, 2008 05:24PM
1
Oct 22, 2008 05:25PM

Re: DRP

in response to by
posted on Oct 22, 2008 07:39PM

I don't think some posters understand what the DRP entails.

If anyone thinks 600K shares, that will take years to distribute to BOD, is excessive,,,,,,well..........I can't help them.

I suggest to posters to read the complete details about what is being voted on and then a reasonable discussion can occur.

"""The Board of Directors has determined that it is in the best interest of the Corporation to continue to have the ability to compensate directors for their services through the issuance of Common Shares, thus preserving cash. The maximum number of Common Shares issued and issuable under the DRP is currently 600,000, representing 0.2% of the issued and outstanding Common Shares as of the date of this Circular. The Corporation currently has a limited number of Common Shares, being 4,110, available to be issued to directors under the DRP. Accordingly, at the Meeting shareholders will be asked to approve an increase in the number of Common Shares issuable under the DRP by a further 600,000, to a total of 1,200,000. """

1
Oct 22, 2008 07:59PM
1
Oct 23, 2008 03:06AM
2
Oct 23, 2008 03:17AM
2
Oct 23, 2008 05:22AM
2
Oct 23, 2008 05:29AM
1
Oct 23, 2008 05:40AM
Share
New Message
Please login to post a reply