Results from Bondholders' Meetings
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Press Release - November 24, 2009 Results from Bondholders' MeetingsLONDON, United Kingdom: Reference is made to the announcements ofCrew Gold Corporation ("Crew" or "the Company") (TSX, OSE: CRU) onOctober 28, 2009 and November 16, 2009 regarding the proposeddebt-for-equity restructuring (the "Restructuring").Bondholders' meetings to consider the Restructuring were held today,November 24, 2009, in the following bonds:- 9.50 per cent Crew Gold Corporation Unsecured Bond Issue withCall Option 2004/2009 (ISIN NO 001 024380.1)- 6.00 per cent Crew Gold Corporation Senior UnsecuredConvertible Bond Issue 2005/2010 (ISIN NO 001 029393.9)- 5.406 per cent Crew Gold Corporation Senior UnsecuredConvertible Bond Issue 2009/2010 (ISIN NO 001 049555.9)- Crew Gold Corporation Senior Secured Bond Issue 2006/2011with call option (ISIN NO 001 030731.7)The Company is pleased to announce that the bondholders' meetings inthe said bond issues have approved the proposed Restructuring.Completion of the Restructuring is subject to the satisfaction orwaiver of a number of conditions, including: (i) the approval of theRestructuring by Intex Resources ASA or the adoption of a plan ofarrangement or other statutory procedure under Canadian or YukonTerritory law that would accomplish the Restructuring; (ii) theresignation of two of the current five members of the Company's Boardof Directors and appointment of Robert Byford, Mitchell Gropper andGordon Lawson as directors; (iii) receipt of all required regulatoryapprovals, including the approval of the Toronto Stock Exchange andOslo Børs; and; (iv) completion of the Restructuring occurring nolater than January 31, 2010.William LeClairCEOSafe Harbour StatementCertain statements contained herein that are not statements ofhistorical fact may constitute forward-looking statements and aremade pursuant to applicable and relevant national legislation(including the Safe-Harbour provisions of the United States PrivateSecurities Litigation Reform Act of 1995) in countries where Crew isconducting business and/or investor relations. The words "expect","anticipate", "will", "believe" and "may", and other similarexpressions, are often used to identify forward-looking statements.Forward-looking statements included herein relate, but are notlimited to, statements regarding (1) the completion of the proposedRestructuring, (2) the expected impact of the Restructuring, (3) theresults of the resource and reserve reviewing currently underway atthe LEFA gold mine, and (4) expected shareholdings followingcompletion of the Restructuring.Forward-looking statements involve known and unknown risks,uncertainties and other factors that could cause actual events orresults to be materially different from the events or resultsexpressed or implied by such forward-looking statements. Inevaluating these statements, prospective purchasers shouldspecifically consider various factors that may cause actual events orresults to be materially different from the events or resultsexpressed or implied by such forward-looking statements. Risk factorsthat could impact the Company include, without limitation, risksrelating to (1) receipt of all necessary approvals of theRestructuring, (2) the actions of bondholders in enforcing theexisting terms of the bonds, (3) production levels at the LEFA goldmine. Although Crew has attempted to identify important factors thatcould cause actual events or results to differ from those describedin forward-looking statements contained herein, there can be noassurance that the forwardlooking statements will prove to beaccurate as actual events or results could differ materially fromthose anticipated in such statements.The material factors and assumptions used to develop forward-lookingstatements include, without limitation, (1) there being nosignificant disruptions affecting operations, whether due to labourdisruptions, supply disruptions, damage to equipment or otherwise,(2) continued development, operation and production at LEFAconsistent with our current expectations, (3) foreign exchange ratesamong the currencies that Crew does business in being approximatelyconsistent with current levels, (4) certain price assumptions forgold, (5) prices for electricity, fuel oil and other key suppliesremaining consistent with current levels, (6) production forecastsmeeting expectations, and (7) materials and labour costs increasingon a basis consistent with our expectations.Except as may be required by applicable law or stock exchangeregulation, the Company undertakes no obligation to update publiclyor release any revisions to these forward-looking statements toreflect events or circumstances after the date of this document or toreflect the occurrence of unanticipated events. Accordingly, readersshould not place undue reliance on forward-looking statements.http://hugin.info/90/R/1356928/329930.pdf --- End of Message ---Crew Gold CorporationAbbey House, Wellington Way, Weybridge Surrey United KingdomWKN: 226534105 ; ISIN: CA2265344028; ;
Datum: 24.11.2009 - 14:44 Uhr
Sprache: Deutsch
News-ID 8788
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