Notice to Qualified Bidders
On January 27, 2012, all persons that prior to that date were determined to be Qualified Bidders pursuant to the Crystallex International Corporation: CCAA Financing Procedures were provided with the following notice by Skatoff & Company, LLC:
Pursuant to the Crystallex International Corporation: CCAA Financing Procedures (the “Financing Procedures”), the Company has determined, after consultation with the Monitor, to move the Bid Deadline from 4 p.m. on February 1, 2012, to 12 noon on February 6, 2012
(unless otherwise defined herein, capitalized terms shall have the meanings ascribed to them in the Financing Procedures). The purpose of this adjustment is to provide additional time for Qualified Bidders to complete their due diligence and to develop their Qualified Bids. Notwithstanding the change in Bid Deadline to 12 noon on February 6, 2012
, Qualified Bidders are encouraged to submit their Qualified Bids as soon as possible so that the Company may begin to evaluate each Qualified Bid.
The Company expects to provide further notification of new dates, as appropriate, for the Successful Bidder Determination Deadline, the CCAA Court Approval Deadline, the Bankruptcy Court Approval Deadline, and the Loan Closing Deadline in the days to come. The Company expects the time differences between each of these deadlines and the Bid Deadline to remain approximately the same, with adjustments as appropriate for weekends, court calendars and as may be otherwise determined pursuant to the Financing Procedures.
http://documentcentre.eycan.com/eycm_library/Project%20Gem/English/Auction%20to%20Raise%20Interim%20or%20DIP%20Financing/Notice%20to%20Qualified%20Bidders%20-%20January%2027,%202012.pdf
