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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: The silence is deafening... latest from RM FWIW
3
Dec 21, 2011 09:49AM
1
Dec 21, 2011 10:03AM
5
Dec 21, 2011 10:08AM

Well beandog I stole your title for my email to RM today, he responded promptly as always:

Sent: Wednesday, December 21, 2011 11:12 AM
To: Richard Marshall
Subject: I have to agree that the silence is deafening

Richard,

Exactly when do we have to repay the bond holders for the $100 million 
due on December 23rd?  Do we have any grace period or time by which 
payment is due, or are we in default at 12:01 a.m. December 24th?

Thanks

_____________________________________________________

Hello Mr. XXXXXXX. I have not seen the note indentures regarding the 2004 notes and have not gone on SEDAR to see if they were filed. Certainly by public disclosure the notes are due to mature on December 23, 2011. The Company has been working on the Placement and the capital to retire those notes and fund the Company for the duration of the ICSID proceedings. Material news and steps will be reported in a timely manner with press releases and regulatory filings. Rgds, Richard Marshall
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