Crystal Yield Investments

From Global Energy Monitor

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]

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]

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