Re: Crystallex Announces Proposed Private Placement to Raise Up to US$120 Million
posted on
Oct 11, 2011 10:22AM
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
How can you say it's not dilution? True, the principal and interest due the noteholders will now be replaced with the principal and interest owed the unit purchasers. But unlike our obligation to the noteholders, we now have to share any award/settlement with the unit purchasers.
Not complaining.....just qualifying.