Re: Are treasury shares being bought.
in response to
by
posted on
Oct 13, 2010 12:38PM
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
I don't see how this transfer could have been started. The agreement says that the price will be determined by the average price for 20 days in a 30-day period after the closing.
You are correct nomar, it couldn't have unless we all slept through the shareholder vote necessary to close the deal.
Moreover, shares sold to CRRC under ยง 2d are a number to be negotiated in the final deal, which we will vote on, not necessarily 19.9%. The other provisions for CRRC share purchases primarily relate to the lending facility. All CRRC holdings in KRY are limited to 19.9% as a total cap, with a right of participation.