Re: SeDaR-----NEW ENTRIES (a chit load)

Welcome to the Crystallex HUB on AGORACOM

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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bradsgold

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Re: SeDaR-----NEW ENTRIES (a chit load)

in response to

SeDaR-----NEW ENTRIES (a chit load)

ifeelyellow

posted on Feb 01, 2013 10:50AM

This taken from Page 14 of Managements Discussions and Analysis:

Management estimates that proceeds from the DIP Facility and from additional equipment sales will be sufficient

to meet its forecast expenditures until the conclusion of the Company’s arbitration claim with Venezuela.

However, there can be no assurance that the amount of cash available under the DIP Facility will be sufficient to

fund day to day operations during the proceedings under the CCAA and the restructuring costs associated with

operating under the CCAA.

That is a big "However".

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