Crystal Yield Investments
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."
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."
Articles and resources
- Rey Resources, "Rey significantly increases interest in key Canning Superbasin Oil & gas exploration permits", Media Release, March 18, 2013.