RMA Energy Limited / CREC

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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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makinmoola2

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RMA Energy Limited / CREC

posted on Aug 13, 2010 10:32AM

This is from their quarterly report filed in June. Mao Debao who signed the agreement with KRY is also listed as a director with RMA Energy:

Corporate Activities Update

RMA receives first tranche of A$1M shareholder loan facility from CREC

RMA has successfully negotiated a A$5M shareholder loan facility with CREC following the Company’s proportional take-over by CREC and the Board’s restructuring during the March quarter.

This tranche and the remaining funds will be applied to working capital expenses and expand the Company’s current exploration activities.

The new Board is currently assessing all the Company’s tenements in Queensland for future exploration opportunities.

RMA and CREC are looking forward to updating shareholders on further development of the Company’s exploration projects during the second half of 2010.