Crystal Yield Investments
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This article is part of the CoalSwarm coverage of Western Australia and coal | |
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Crystal Yield Investments is a 9.7% shareholder in Rey Resources, a small Australian exploration company proposing to develop coal projects in the Kimberley region of Western Australia. Rey Resources referred to the company as "an investment company based in Hong Kong."[1]
Contents
Stake in Rey Resources
In March 2013 Rey Resources announced that it had issued 55 million shares to Crytsal Yield Investments at $0.055 cents each for a total of $3.03 million. Rey stated that "following the Placement, Crystal will own approximately 9.7% of the Company’s issued securities. Crystal has also been granted exclusivity for 3 months to complete due diligence investigations on the Duchess Paradise coal project, with a view to financing future development of the project."[1]
Articles and resources
References
- ↑ 1.0 1.1 Rey Resources, "Rey significantly increases interest in key Canning Superbasin Oil & gas exploration permits", Media Release, March 18, 2013.