Re: Crystallex Announces Proposed Private Placement to Raise Up to US$120 Million
posted on
Oct 11, 2011 09:41AM
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
teut, with a closing expected OCT 28th they must already have the purchasers lined up (my guess is macquire and friends)... my main concern would be a "first right to payment" provison... i.e. the first $500mil goes to cvr holders... this would prompt management to take an early settlement imo...
we'll see, but at this point any financing is a good thing.