* Says has sufficient cash to fund Q2
* Q1 loss of $0.03 vs $0.02 last year
May 13 Gold miner Crystallex International
Corp's KRY.TO said it would not have enough cash to fund its
obligations through 12 months "without further measure," and
posted a wider first-quarter loss.
The company, which had $4.3 million in cash and cash
equivalents as on March 31, said it has sufficient cash to fund
operations through the second quarter.
The company, whose principal asset is its interest in the
Las Cristinas gold project in Bolivar State, Venezuela, posted
loss from operations of $9.4 million, or 3 cents a share,
compared to $5.2 million, or 2 cents a share, last year.
The company also recorded a $3.6 million non-cash write
down charge in the first quarter.
Shares of the company closed at 50 Canadian cents Thursday
on the Toronto Stock Exchange.
(Reporting by Aftab Ahmed in Bangalore; Editing by Roshni
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