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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: Re: Sept 10th?

Sep 09, 2010 03:42PM

Nobody knows what will happen exept for the fact the inital loan is senior to the note facility portion. Seems all dates and conditions can be waived at the mutual consent of the parties. (See bold portion below) If CRRC converts the 2.5M to KRY shares tomorrow will we be informed of this or have to wait for the normal financial filings later? My hope is they convert and this info is made public tomorrow as the approval of the shareholders can be waived just for the conversion portion? At least it would show a diferent level of engagement on CRRC's behalf.

The A&F Agreement shall provide that the parties shall be obliged to complete the Closing, including, without limitation, delivering executed copies of such Definitive Agreements as are to be delivered at Closing, only if certain conditions precedent including, without limitation, the following have been satisfied in full at or before the Closing (each of which may only be waived with the mutual consent of the parties):

(f)

the approval of the Crystallex Shareholders (including, without limitation, the approval for the

conversion of the Note Facility and Initial Loan into common shares of Crystallex at a price of

Cdn$0.40 per common share) shall have been received;

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