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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: gowlings update
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bmh
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"Please don't get your hopes up too high on Gowling and the opt in committee. Whilst it is true that their self interest coincides with yours, keep at least in the back of your mind that they do not act for you."

My goodness Paau, I question your smarts now. Please advise what I should do now.

Gowlings' mandate is to act on the instructions of the Committee, to represent the interests of the Committee members and the shareholders who opt in to be represented by the Committee (the "Opt In Shareholders"). This includes:

  • assisting the Committee to maximize the financial interest of Opt Ins in the arbitration award arising from the arbitration between Crystallex and the Bolivarian Republic of Venezuela;
  • informing and advising the Committee with respect to their rights and interests in the CCAA proceeding and in any related proceeding;
  • engaging in negotiations with the Monitor and other stakeholders; and
  • contributing to the efficiency of the proceedings by being the single point of contact between the Committee, the Monitor, and other stakeholders.
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