I sold half my position at around 6 but unfortunately am stuck with the rest as I won't sell here. Its time to take a gamble on Crystallex but I've been suggesting that here for a couple weeks. IF thinks go right for those sheisters on LC4&6, their stock will hit the roof. Good spec here.
but be aware.....
Crystallex International Corporation - Press Release
TORONTO, Nov. 30 /CNW/ - Crystallex International Corporation
(TSX/AMEX: KRY) announced today that it has issued 3,163,657 common shares to
Azimuth Opportunity, Ltd. (Azimuth) for gross proceeds of C$6 million pursuant
to the exercise of a draw down under the terms of its equity draw down
facility. The details of the draw down are set out in a pricing supplement
dated November 30, 2005 which is available at the SEDAR web-site at
www.sedar.com.
Azimuth may, during the period commencing on November 30, 2005 and ending
40 days thereafter (distribution period), distribute the common shares
acquired from Crystallex pursuant to the draw down to purchasers through the
facilities of the Toronto Stock Exchange (TSX purchasers). Crystallex's
prospectus supplement dated September 14, 2005 (together with a short form
base shelf prospectus dated August 23, 2005) qualifies and registers the
distribution of common shares by Azimuth to TSX purchasers during the
distribution period. Under the terms of a ruling and order of the Ontario
Securities Commission dated September 6, 2005, prospectuses will not be
delivered to TSX purchasers. TSX purchasers will, however, have the statutory
rights for rescission or damages described under "Purchasers' Statutory
Rights" in the prospectus supplement dated September 14, 2005. Copies of the
short form base shelf prospectus dated August 23, 2005 and the prospectus
supplement dated September 14, 2005 are available at the SEDAR web-site at
www.sedar.com.
About Crystallex
Crystallex International Corporation is a Canadian gold producer with
operations and exploration properties in Venezuela. The Company's principal
asset is its interest in the Las Cristinas property in Bolivar State that is
currently under development. Other assets include the Tomi Mine and the
Revemin Mill. Crystallex shares trade on the TSX (symbol: KRY) and AMEX
(symbol: KRY).
The Toronto Stock Exchange has not reviewed this release and does not
accept responsibility for the adequacy or accuracy of this news release.
Source: Canada NewsWire (November 30, 2005 - 5:01 PM EST) |
