Crystallex International

here is the latest document:

http://documentcentre.eycan.com/eycm_library/Project%20Gem%5CEnglish%5CCourt%20Orders%5CCCAA%20Orders%5CEndorsement%20of%20Newbould,%20J.,%20dated%20January%2025,%202012%20%28changed%20first%20page%29.pdf

Bridge financing complete. 2 offers and 1 that they didn't have time to complete. Tenor loan is approved at 10% per annum over the 1% per annum being offered by the noteholders.

After reading the offers it becomes a matter long term gain over short term costs according to the financial advisors. The judge recognized this and what the note holders may have been doing with a below market loan offer.

Also of note, the judge said the noteholders must follow the rules in bid process and sign a NDA.

I will say one thing about Kry and Fung about being the right person for the job, Crystallex has kicked the note holders butt each time they have gone to court.

JJ