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First Exxon, then Conoco Phillips, next KRY?
Conoco Phillips has also filed against the country much like Exxon has. Is anything like this being pursued on behalf of the KRY shareholders of record that got hammered and lost nearly all their capital when Chavez did the same for our assets?
http://seekingalpha.com/pr/11286115-conocophillips-files-arbitration-against-pdvsa-for-contractual-compensation?app=n
Like a lot of KRY shareholders I lost money when Chavez nationalized our assets. I see that the country now has engaged a Chinese firm to develop the assets. Good for them but still bad for us.
Not sure if anyone continues to follow this board, but thought I would mention that the criminals running the country also screwed Exxon by nationalizing Exxon's assets there. I see that Exxon has managed to fight it through a World Bank arbitration tribunal and they prevailed. They will receive something on the order of one billion dollars for that travesty of justice. Here is a link to it on Seeking Alpha:
http://seekingalpha.com/news/2024245-reuters-venezuela-to-pay-exxon-for-nationalization-from-november?app=1#email_link
Is anyone pursuing similiar compensation for the actions of that dishonest government with regard to the KRY circumstances? Not sure about everyone else, but I'd sure like to recoup some of my losses as a result of those unreasonable and dishonest actions. Why anyone would ever consider doing business in that country again will be a question left for history to decide.
http://www.crystallex.com/Company/default.aspx
http://investorshub.advfn.com/CRYSTALLEX-INTL-CORP-COM-CRYFQ-22034/
http://www.888c.com
God Bless
Ps.
Beware;
stay out off -
all off -
http://markbeast666.blogspot.ca/
Battling a new infection, Chavez has breathing problems
http://www.cnn.com/2013/03/04/world/americas/venezuela-chavez/index.html?hpt=hp_t1
Innocents Betrayed The True Story of Gun Control
Crystallex Internati (KRY)
0.065 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
- - - - -
TSX:KRY Detailed Quote Wiki
666 has strong hold on Chavez -
he entered the 666 LT fire -
http://investorshub.advfn.com/CRYSTALLEX-INTL-CORP-COM-CRYFQ-22034/
http://www.888c.com
God Bless
Ps.
Beware;
stay out off -
all off -
http://markbeast666.blogspot.ca/
,,,,,,,MY SOURCES TELL ME CHAVEZ IS DEAD ALREADY!!!
666 has strong hold on Chavez -
he entered the 666 LT fire -
http://investorshub.advfn.com/CRYSTALLEX-INTL-CORP-COM-CRYFQ-22034/
888
God Bless
Ps.
Beware;
stay out off -
all off -
http://markbeast666.blogspot.ca/
,,,,,,,Adding--MONEYMADE
Chavez's socialist rule at risk as Venezuelans vote http://reut.rs/QN7zqd via @reuters
Crystallex Internati (KRY)
0.065 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
- - - - -
TSE:KRY Detailed Quote Wiki
Crystallex Intl Corp (CRYFQ)
0.12 ? -0.01 (-7.69%)
Volume: 4,873 @ 3:24:58 PM ET
Bid Ask Day's Range
0.111 0.13 0.103 - 0.129
CRYFQ Detailed Quote Wiki
Crystallex Intl Corp (CRYFQ)
0.14 ? 0.014 (11.11%)
Volume: 33,975 @ 3:53:39 PM ET
Bid Ask Day's Range
0.14 0.145 0.13 - 0.145
CRYFQ Detailed Quote Wiki
CRYSTALLEX UPDATES ON RECENT ACTIVITIES
01/26/2012
TORONTO, ONTARIO--(Marketwire - Jan. 26, 2012) - Crystallex International Corporation (OTCQB:CRYXF) ("Crystallex" or the "Company") issued today an update regarding activities since obtaining an initial order from the Ontario Superior Court of Justice (Commercial List) for protection under the Companies' Creditors Arrangement Act (Canada) ("CCAA"), dated December 23, 2011.
On December 23, 2011, Crystallex received an initial order from the Ontario Superior Court of Justice granting CCAA protection until January 21, 2012. Under the order, proceedings by creditors or others cannot be continued or commenced without the consent of the Company and Ernst & Young Inc. (the Monitor) or leave of the Court. On January 20, 2012, the Court extended the stay until March 23, 2012. At the same time, the Court approved the terms of an interim bridge loan for Crystallex in the amount of US$3.125 million. The bridge loan is a secured, short term loan, due the earlier of April 16, 2012 or the first draw on a debtor-in-possession ("DIP") financing facility, and is intended to provide the Company with working capital while it continues to pursue DIP financing and progress its arbitration claim.
Crystallex has also commenced a proceeding under chapter 15 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware in order to ensure that relevant CCAA orders are enforced in the United States. The U.S. Bankruptcy Court has recognized Crystallex's CCAA proceeding as well as the initial order and subsequent stay extension of the Ontario Superior Court of Justice.
Crystallex Arbitration against Venezuela
At an initial hearing on December 1, 2011 the arbitral tribunal appointed under the rules of the Additional Facility of the International Centre for the Settlement of Investment Disputes ("ICSID") in respect of the Company's arbitration claim agreed upon a schedule of written submissions and set the final oral hearing date. Based upon the schedule set for the claim, Crystallex is obligated to file its first written submission with ICSID on February 10, 2012 and Venezuela's first written submission is due to be filed on August 31, 2012. Both parties will file additional submissions in 2013, Crystallex on January 18, 2013 and Venezuela on June 10, 2013 with the final oral hearing set for November 11-22, 2013 in Washington, D.C.
Court filed documents and other information regarding the CCAA proceedings are available on the Monitor's website at www.ey.com/ca/crystallex.
About Crystallex
Crystallex International Corporation is a Canadian based mining company, with a focus on acquiring, exploring, developing and operating mining projects. Crystallex has successfully operated an open pit mine in Uruguay and developed and operated three gold mines in Venezuela. The Company's principal asset is its international claim in relation to its investment in the Las Cristinas gold project located in Bolivar State, Venezuela.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain statements included or incorporated by reference in this press release, including information relating by inference or otherwise to the ability of the Company to secure DIP financing, constitute forward-looking statements. The words "believe," "expect," "anticipate," "contemplate," "target," "plan," "intends," "continue," "budget," "estimate," "may," "schedule" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding the Company obtaining a successful result in connection with the arbitration. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, financial, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the Company's public filings available under the Company's profile on SEDAR at www.sedar.com (including, in particular, the "Risk Factors" section of the Company's annual information form dated March 31, 2011 and the Company's management's discussion and analysis of financial position and results of operations for the nine month period ended September 30, 2011, incorporated herein by reference) and the documents relating to the CCAA proceedings available on the Monitor's website. Forward-looking statements are made as of the date of this press release, or in the case of documents incorporated by reference herein, as of the date of such document, and the Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Contact:
Crystallex International Corporation
Richard Marshall, VP
(800) 738-1577
info@crystallex.com
www.crystallex.com
Source: Crystallex International Corporation
Corporate 666 raiders entered -
want the CRY gold to their super red -
ussr nwo copycatz friends -
what else -
will be nothing left to the shareholders -
who financed the exploration etc.
BEWARE:
http://documentcentre.eycan.com/Pages/Main.aspx?SID=229
IMO!
Welcome to CRYXF CRYSTALLEX INTL CORP COM -
http://investorshub.advfn.com/boards/board.aspx?board_id=22034
God Bless
CRYSTALLEX ANNOUNCES CCAA FILING -
12/23/2011
TORONTO, ONTARIO--(Marketwire - Dec. 23, 2011) -
Crystallex International Corporation -
(TSX:KRY)(OTCQB:CRYXF)
("Crystallex" or the "Company")
today announced that it has obtained an order from the Ontario
Superior Court of Justice (Commercial List) for protection
under the Companies' Creditors Arrangement Act (Canada) (CCAA).
Ernst & Young Inc. was appointed monitor under the order.
Subject to the order, proceedings by creditors and others
cannot be continued or commenced without the consent of the
Company and the monitor, or leave of the court.
As previously announced, management of the Company has been exploring financing alternatives for some time, including a $120 million private placement disclosed on October 11, 2011, in order to deal with the liquidity crisis resulting from the $100 million senior unsecured notes issued by the Company maturing on the date hereof. Although the Company has received proposals, none have been satisfactory and discussions continue. The order obtained today permits Crystallex to remain in possession and control of its property, carry on its business and retain employees while the Company obtains additional time to pursue its arbitration with the Bolivarian Republic of Venezuela and complete financings in order to enable all its creditors to be paid in full.
The Company currently has cash and cash equivalents and other assets that are expected to be sufficient to fund its obligations and budgeted expenditures until it obtains debtor-in-possession financing ("DIP financing"). The Company is currently pursuing DIP financing in amounts sufficient to continue to finance the Company through the CCAA proceedings. Crystallex has received expressions of interest from several parties who are interested in providing DIP financing and intends to conclude negotiations for a DIP financing facility within the next few weeks.
Effective no later than December 28, 2011, court filed documents and other information regarding the CCAA proceedings will be available on the Company's website at www.crystallex.com and on the monitor's website at www.ey.com/ca/crystallex.
Other Matters
Crystallex has been informed that the arbitral tribunal for its claim against the Bolivarian Republic of Venezuela with respect to the Las Cristinas Project has agreed upon a schedule of written submissions from the parties and has set a hearing date of November 11, 2013. The Company is diligently advancing its arbitration claim, while remaining receptive to settlement alternatives with Venezuela. The Company will continue to vigorously pursue this claim while it remains under creditor protection.
On December 7, 2011, the Toronto Stock Exchange determined that the Company did not meet the Original Listing Requirements of the Exchange and that the Company's shares will be delisted effective at the close of market on January 6, 2012. Management has no current intentions to pursue alternative exchange listing options. Crystallex shares will continue to trade in the US on the OTCQB market.
About Crystallex
Crystallex International Corporation is a Canadian based mining company, with a focus on acquiring, exploring, developing and operating mining projects. Crystallex has successfully operated an open pit mine in Uruguay and developed and operated three gold mines in Venezuela. The Company's principal asset is its international claim in relation to its investment in the Las Cristinas gold project located in Bolivar State, Venezuela.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain statements included or incorporated by reference in this press release, -- --obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Contact:
Crystallex International Corporation
Richard Marshall, VP
(800) 738-1577
info@crystallex.com
http://www.crystallex.com
Source: Crystallex International Corporation
COMPANY | PROJECTS | INVESTOR INFORMATION | NEWS
KRY.TO : TSX - Industry: Gold Mining - HOLDINGS SUMMARY -
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=kry&country=CA
Gaddafi’s death means one less comrade less for Mugabe, -
said Iden Wetherell, an editor of the Zimbabwe Independent.
http://www.thezimbabwemail.com/zimbabwe/9363-robert-mugabe-s-zanu-pf-pays-tribute-to-gaddafi.html
Hussein, Bin Laden, Gaddafi KILLED... Whos Next? -
CRYSTALLEX INFORMED OF TSX DELISTING
12/07/2011
TORONTO, ONTARIO--(Marketwire - Dec. 7, 2011) - Crystallex International Corporation (TSX:KRY)(OTCQB:CRYXF) ("Crystallex" or the "Company") has received a letter from the Toronto Stock Exchange stating that following the December 5, 2011 Review, the Exchange determined that the Company does not meet the Original Listing Requirements ("OLRs") and plans to delist the Company's shares effective at the close of market on January 6, 2012.
Management is evaluating alternative exchange listing options. Crystallex shares will continue to trade in the US on the OTCQB market.
About Crystallex
Crystallex International Corporation is a Canadian based mining company, with a focus on acquiring, exploring, developing and operating mining projects. Crystallex has successfully operated an open pit mine in Uruguay and developed and operated three gold mines in Venezuela. The Company's principal asset is its international claim in relation to its investment in the Las Cristinas gold project located in Bolivar State, Venezuela. The Company continues to evaluate mining projects in which it can bring additional expertise to create value for the participants.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain statements included or incorporated by reference in this Press Release, including information as to the future financial or operating performance of the Company and its subsidiaries, constitute forward-looking statements. The words "will", "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "schedule" and similar expressions identify forward-looking statements. See "Risk Factors" section of the Company's MD&A. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. Forward-looking statements are made as of the date of this Press Release and the Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Contact:
Crystallex International Corporation
Richard Marshall, VP
(800) 738-1577
info@crystallex.com
http://www.crystallex.com
Source: Crystallex International Corporation
KRY.TO : TSX - Industry: Gold Mining - HOLDINGS SUMMARY -
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=kry&country=CA
Gaddafi’s death means one less comrade less for Mugabe, -
said Iden Wetherell, an editor of the Zimbabwe Independent.
http://www.thezimbabwemail.com/zimbabwe/9363-robert-mugabe-s-zanu-pf-pays-tribute-to-gaddafi.html
Hussein, Bin Laden, Gaddafi KILLED... Whos Next? -
KRY.TO : TSX - Industry: Gold Mining - HOLDINGS SUMMARY -
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=kry&country=CA
Gaddafi’s death means one less comrade less for Mugabe, -
said Iden Wetherell, an editor of the Zimbabwe Independent.
http://www.thezimbabwemail.com/zimbabwe/9363-robert-mugabe-s-zanu-pf-pays-tribute-to-gaddafi.html
Hussein, Bin Laden, Gaddafi KILLED... Whos Next? -
Qaddafi vs Chavez Robbing Libya to Pay Venezuela Gold Revolution Coup Economic Collapse &
Crystallex J (KRY)
0.185 ? 0.01 (5.71%)
Volume: 109,500 @ 3:54:43 PM ET
Bid Ask Day's Range
0.18 0.2 0.175 - 0.185
TSE:KRY Detailed Quote Wiki
Venezuela scrambles to bring home gold reserves
Wed Oct 26, 2011 8:11pm GMT By Eyanir Chinea
(special thanks to dayadoger and basserdan)
* Chavez ordered $11 billion worth of bullion brought home
* Source says ingots with be flown back, beginning in Nov.
CARACAS, Oct 26 (Reuters) - At the foot of a dimly lit spiral staircase far below Venezuela's Central Bank, workers prepare for an unusual arrival: 17,000 gold bars being shipped back on the order of President Hugo Chavez.
Repatriating about 190 tonnes of bullion worth more than $11 billion from banks in the West will be risky, slow and expensive, experts say.
It is just the latest in a string of grand gestures and controversial plans by the unpredictable socialist leader that are easier for him to order than to put into practice, and it has set officials scurrying to make it happen.
His political opponents accuse Chavez of planning to use the country's gold to boost his campaign war chest ahead of next year's presidential election, and others say bringing the gold home is a waste of money and effort.
"It doesn't make sense. It would be cheaper to sell the gold and at the same time buy gold in closer locations," said Russ Dallen of Caracas Capital Markets.
Chavez's government insists the operation will not cost much, and that Venezuela's reserves will not be put at risk.
"People must be calm. Nothing is going to be lost, nobody is going to steal anything. This isn't a Hollywood movie," said the central bank's president, Nelson Merentes.
A senior government source involved in transporting the ingots, which amount to 90 percent of Venezuela's gold held abroad, told Reuters they will be shipped in several cargo flights beginning next month and ending before the New Year.
"The total cost of the operation will not exceed $9 million including transport, guards, insurance and reinsurance," the source said, without giving more details.
That price seems low, but the details of such deals are closely kept secrets for good reasons, and there are few precedents for moving gold on such a huge scale.
In 1936, Spain shipped more than 500 tonnes of gold to Moscow from Madrid at the start of its civil war. Historians say it paid 2.1 percent in commissions and an additional 1.2 percent for transport, storage and other costs.
BIG IDEAS, GRAND PLANS
Chavez announced the move in August as a "sovereign" step that would help protect Venezuela's foreign reserves from economic turbulence in the United States and Europe. Most of Venezuela's gold held abroad is in London.
It was also seen as another populist measure ahead of the election next October, when Chavez will seek another six-year term.
It will likely to be a hard fought and contentious vote, and some critics suggest Chavez is frightened by the chance of Venezuela's foreign reserves being frozen by sanctions -- as happened to his friend and ally, Libya's late Muammar Gaddafi.
By doing this, he also reduces the risk of any seizure of assets related to ongoing arbitration cases, including those linked to the nationalization of multi-billion dollar oil projects run by major U.S. companies.
Chavez's decision to repatriate almost all of Venezuela's international bullion reserves has shone a spotlight on the large proportion of the country's reserves that are held in gold, and the risks it runs if prices were to fall.
More than 60 percent of its international reserves are in gold, nearly eight times the Latin American average of just over 8 percent and twice that of the second highest in the region, Ecuador.
The move has also triggered arguments in the Venezuelan parliament, where opposition politicians accused Chavez of planning to sell off the ingots and spend the cash on his re-election campaign.
Merentes, the central bank chief, told reporters none of the gold would be sold after it was brought home, and that 10 percent of the reserves currently in London would stay there.
It is far from the first example of Chavez surprising the nation with a controversial grand plan.
He once proposed building a gas pipeline all the way from the Caribbean to Argentina, he ordered the exhumation of the bones of independence hero Simon Bolivar to investigate whether he was murdered, and he changed the time zone by 30 minutes to help children who wake up before dawn to go to school.
* The gold move will have limited impact in financial markets.(?)
"This issue should be absolutely irrelevant for the markets," said Alejandro Grisanti of Barclays Capital. "They are simply returning it to the custody of the central bank, because the Venezuelan government lacks trust in other institutions, and in the other governments of the world." (Editing by Daniel Wallis and Kieran Murray)
* That's bull shit. The spin begins...
http://af.reuters.com/article/metalsNews/idAFN1E79P1B120111026?sp=true
KRY gets 45% returned - ?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67264771
http://investorshub.advfn.com/boards/board.aspx?board_id=6113
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68292499
God Bless
Qaddafi vs Chavez Robbing Libya to Pay Venezuela Gold Revolution
Coup Economic Collapse &
Gaddafi’s death means one less comrade less for Mugabe, -
said Iden Wetherell, an editor of the Zimbabwe Independent.
http://www.thezimbabwemail.com/zimbabwe/9363-robert-mugabe-s-zanu-pf-pays-tribute-to-gaddafi.html
Hussein, Bin Laden, Gaddafi KILLED... Whos Next? -
Doctor: Hugo Chavez's tumor may only give him two years to live -
http://www.digitaljournal.com/article/312943
Read more: http://www.digitaljournal.com/article/312943#ixzz1bCLs9W92
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68103259
Pray for Chavez that he may wake up -
he goes from one 666 fire to the next 666 fire -
repeat copycat of super red ussr banksters khazar bolsheviks -
http://www.reuters.com/article/2011/10/10/us-venezuela-chavez-idUSTRE7994RB20111010
Chavez Credits Castro chemo 666 fire -
IS NOT Right way - Bro Jesus for Recovery - -
http://online.wsj.com/article/SB10001424053111903461304576524723086332838.html
Chavez has been fooled by thee 666 fires -
Spirit of Elijah, hear your cry -
send the fire -
make us fit to live or die -
send the fire -
to burn up every trace of sin -
to bring the light and glory in -
the revolution now begin -
thank our Father God for the
bread and water -
God Bless us -
http://www.888c.com
Amen
Do KRY - do not afraid for the wolf
NOT TO BE AFRAID for -
the super red ussr copycat -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66756704
God Bless
CRYSTALLEX ANNOUNCES PROPOSED PRIVATE PLACEMENT TO RAISE UP TO US$120 MILLION -
10/11/2011
TORONTO, ONTARIO--(Marketwire - Oct. 11, 2011) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Crystallex International Corporation -
(TSX:KRY)(OTCQB:CRYXF) ("Crystallex" or the "Company") is pleased to announce that a wholly-owned subsidiary (the "Issuer") proposes to complete a best efforts private placement offering (the "Offering") of up to 120,000 units (the "Units") at a price of US$1,000 per Unit for aggregate proceeds of up to US$120 million. Each Unit will consist of one face value US$1,000 principal amount senior secured note (the "Notes") bearing simple interest at a rate per annum to be determined payable on maturity or redemption and one contingent value right (the "CVRs"). The initial maturity date of the Notes will be five years following the date of issue, subject to extension in certain circumstances. The obligations under the Notes and CVRs will be secured by the Issuer and guaranteed by the Company. Macquarie Capital (USA) Inc., GMP Securities L.P. and Byron Capital Markets Ltd. are acting as co-lead agents for the Offering.
The CVRs will be a contractual right to receive one or more payments, each of which is contingent upon receipt of funds (a "CVR Payment Event") by Crystallex pursuant to either an award or settlement (in each case, an "Award or Settlement") in respect to the arbitration between Crystallex and the government of Venezuela relating to the Las Cristinas gold project in Venezuela (the "Arbitration"). Each CVR will represent a right to receive a pro rata interest in a cash payment (a "CVR Payment") equal to a percentage (to be determined) of the applicable Award or Settlement, after deducting certain costs and expenses including applicable taxes, costs relating to the Arbitration and an amount equal to the principal amount of the Notes plus accrued interest. If a CVR Payment Event occurs prior to the date that is five years following the date of issue of the Units, the Notes will be cash collateralized and accrued interest will then be due and payable to the holders of the Notes to the extent of the available cash. Immediately following the cash collateralization of the Notes and the payment of all accrued interest thereon, the interest rate per annum on the Notes will be reduced to equal the yield earned on the cash collateral. On payment in full of all required CVR Payments, the Notes will be redeemed at a redemption price equal to the principal amount of the Notes plus accrued and unpaid interest.
The net aggregate proceeds of the Offering will principally be used (i) to repay in full the US$100 million principal amount outstanding with respect to Crystallex's 9.375% senior unsecured notes due December 23, 2011 and any accrued and unpaid interest thereon; and (ii) for certain general and corporate purposes of the Company and the Issuer.
The completion of the Offering is subject to, among other things, the receipt of all regulatory approvals and consents as are necessary or appropriate in the circumstances prior to the closing of the Offering and the entering into of a formal agency agreement among Crystallex, the Issuer and the agents. Closing of the Offering is expected to occur on or about October 28, 2011, or such later date as agreed among the parties.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration thereunder or an applicable exemption from such registration requirements. This Press Release is not an offer of securities for sale in the United States.
About Crystallex
Crystallex International Corporation is a Canadian based mining company, with a focus on acquiring, exploring, developing and operating mining projects. Crystallex has successfully operated an open pit mine in Uruguay and developed and operated three gold mines in Venezuela. The Company's principal asset is its international claim in relation to its investment in the Las Cristinas gold project located in Bolivar State, Venezuela. The Company continues to evaluate mining projects in which it can bring additional expertise to create value for the participants.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain statements included or incorporated by reference in this Press Release, including information as to the future financial or operating performance of the Company and its subsidiaries, constitute forward-looking statements. The words "will", "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "schedule" and similar expressions identify forward-looking statements. See "Risk Factors" section of the Company's MD&A. Forward-looking statements include, among other things, statements regarding the proposed terms of the Notes and the CVRs. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. Forward-looking statements are made as of the date of this Press Release and the Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Contact:
Crystallex International Corporation
Richard Marshall, VP
(800) 738-1577
info@crystallex.com
www.crystallex.com
Source: Crystallex International Corporation
http://www.crystallex.com/News/PressReleases/default.aspx
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66425575
Crystallex J (KRY) fiat$0.155 UP 0.035 +29.17%
Volume: 346,500 @ 10:42:03 AM ET good demand
Bid Ask Day's Range
0.15 0.155 0.13 - 0.155
TSE:KRY Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67235855
http://investorshub.advfn.com/boards/board.aspx?board_id=6113
KRY gets 45% returned -
Chavez Decrees Nationalization of Gold Industry Amid Surging Bullion Price -
Sep 20th, 2011 07:39 by News
19-Sep (Bloomberg) —
Venezuelan President Hugo Chavez ordered the nationalization of
the gold industry and gave companies 90 days to form joint ventures
with the state as he seeks to boost control over
the nation’s metals producers.
The government will hold at least 55 percent of any joint ventures,
according to a decree in today’s Official Gazette.
The decree sets a royalty rate of 10 percent to 13 percent
and says that all Venezuelan gold production will be sold
to the state.
Chavez first announced the nationalization of the industry
and plans to repatriate Venezuela’s foreign gold reserves
on Aug. 17.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67235855
http://www.bloomberg.com/news/2011-09-19/chavez-decrees-nationalization-of-gold-industry-amid-surging-bullion-price.html
Chavez recovering from chemo in Cuba: Morales
(AFP) – 1 hour ago
HAVANA — Bolivian President Evo Morales said Monday his Venezuelan counterpart was "much improved" after the latest round of chemotherapy in Cuba to treat President Hugo Chavez's cancer.
Venezuelan President Hugo Chavez (AFP/File, Juan Barreto)
Morales, who made the comment during a lecture at the University of Havana, where he was receiving an honorary doctorate, arrived with Chavez from Caracas late Saturday.
Chavez, who had a tumor removed June 20 in Havana, had earlier expressed confidence the latest round would be his last before a "full recovery."
Little information has been released about the type of cancer afflicting 57-year-old Chavez, or details about his medical condition.
He underwent his first two rounds of chemotherapy in Havana, where doctors discovered the cancer after operating on him for an abdominal abscess.
On September 2, he concluded a third round at a Venezuelan military hospital.
Chavez, who has been in power since 1999, has vowed to be back to full health in time to serve as host of a summit of Latin American and Caribbean leaders December 2-3 in Caracas.
During his lecture Monday, Morales denounced the "new politics of capitalism and imperialism" and lambasted the international community for their intervention in Libya.
As world leaders gathered at the United Nations this week, he slammed the NATO backing of opposition rebels that ousted Libyan leader Moamer Kadhafi as an "embarrassment for humanity," and said the better name for the UN Security Council would be the "insecurity council."
Venezuela's Chavez to Take Over Gold Mining Sector
8/18/2011 9:50:32 AM
WSJ's Jose de Cordoba reports Venezuelan president Hugo Chavez
intends to nationalize the nation's gold mining industry
in an effort to raise funds.
Photo: REUTERS/Miraflores Palace/Handout
http://online.wsj.com/video/venezuelas-chavez-to-take-over-gold-mining-sector/0016273B-A577-4117-89DA-A17D46B04A70.html?KEYWORDS=chavez+gold
Chavez Credits Castro, Jesus for Recovery -
http://online.wsj.com/article/SB10001424053111903461304576524723086332838.html?KEYWORDS=chavez
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66555096
Hugo Chavez stays in Caracas for new chemotherapy round -
http://www.bbc.co.uk/news/world-latin-america-14705400
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66615224
Hugo Chavez Nationalizes Gold Industry, Gold Market Yawns -
http://blogs.wsj.com/marketbeat/2011/08/17/hugo-chavez-nationalizes-gold-industry-gold-market-yawns/?KEYWORDS=chavez
Hunter Jerry well, I am a LT OLD shareholder of KRY -
Chavez kazarian heritage king pin; has taken away the mining
permits for KRY in Venezuela? -
the Chinese are the largest shareholder of the mining project -
+ 20% of KRY -
the Chinese have invested $10s of billions in Venezuela +
buying most of the the oil,lol
and making new fast speed trains for Chavez etc.
If KRY lose out it will be big lose for the Chinese and
its one of the big gold deposits undeveloped. lol -
the Chinese will not be happy of chavez dummy 666 king pin,lol -
the Chinese want the gold,lol
and Venezuela losing out on taxes etc. etc. etc.
I think the Chinese will put some pos. pressure on Chavez,
to give back the mining permits, or he will lose out -
he is like a spoiled obese kid,lol -
who need to get his bad acts together -
before he destroy himself -
and more destruction for the PEOPLE -
our Chinese CEO isn't chavez happy,lol
it will be interesting to follow it,lol -
it will be mined -
he will not scare me awaY -
THAT'S FOR SURE -
cheers to you
God Bless
http://investorshub.advfn.com/boards/board.aspx?board_id=6113
Chavez asks Moscow for a loan to buy Russian weapons -
http://www.topix.com/who/hugo-chavez
The Venezuelan government needs new weapons to avoid the fate of
the Gaddafi regime, President Hugo Chavez said in an interview
last week with Russian business newspaper Kommersant.
Russia may soon dispatch S-300 missile systems and other modern
weapons to Venezuela, which wants to pay for these armaments
with a Russian loan.
http://en.rian.ru/analysis/20110829/166285499.html
"I'm determined to continue living," Mr Chavez, 57,
said later at the hospital.
"It's not time to die. What we have to do still is a great deal."
The left-wing leader underwent surgery in Cuba in June to remove a tumour from his pelvic region.
However, he has not disclosed the exact nature of the cancer.
btw.
He goes to the big pharma 666 chemo radiation fire -
he is total brain washed by the 666 cults gangs -
if you Hugo have the trust and your Prayers are strong -
our Father will help you and in that case I would trust
your words a bit more -
so let's hear your Prayers -
and let's see if you get -
God Bless
BoE or the king pin has never given away any of their GOLD -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's
to you boy's" -
Hugo Chavez stays in Caracas for new chemotherapy round -
http://www.bbc.co.uk/news/world-latin-america-14705400
President Chavez, seen here entering the hospital in Caracas, says his treatment is going well
Continue reading the main story
Related Stories
Chavez home after more treatment
Chavez goes to Cuba for treatment
Hugo Chavez shows off 'new look'
Venezuelan President Hugo Chavez is set to to have a third round of chemotherapy after having a cancerous tumour removed in June.
He is being treated at a hospital in the capital, Caracas, in contrast to two previous treatments and initial surgery which took place in Cuba.
Mr Chavez says his treatment has been going well and is aimed at preventing the reappearance of cancer cells.
His illness has caused political uncertainty in Venezuela.
It has cast doubt on whether he will be able to stand for re-election next year.
The president walked into the Dr Carlos Arvelo Military Hospital on Sunday accompanied by aides and his daughter, Rosa.
He thanked his supporters for their prayers and messages of goodwill.
"From here, I join all these prayers and masses for the health of all of us. God bless you!" Mr Chavez tweeted.
Speaking on national television on Saturday night, Mr Chavez said he and his team of Cuban and Venezuelan doctors had decided he could undergo his latest round of chemotherapy in Venezuela.
"I'm determined to continue living," Mr Chavez, 57, said later at the hospital.
"It's not time to die. What we have to do still is a great deal."
The left-wing leader underwent surgery in Cuba in June to remove a tumour from his pelvic region. However, he has not disclosed the exact nature of the cancer.
btw.
He goes to the big pharma 666 chemo radiation fire -
he is total brain washed by the 666 cults gangs -
if you Hugo have the trust and your Prayers are strong -
our Father will help you and in that case I would trust
your words a bit more -
so let's hear your Prayers -
and let's see if you get -
God Bless
BoE or the king pin has never given away any of their GOLD -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's
to you boy's" -
Hugo Chavez Cancer Treatment: Venezuelan President May Undergo More Chemotherapy -
http://www.huffingtonpost.com/2011/08/24/hugo-chavez-cancer-treatment-chemotherapy_n_935660.html
big pharma cults brain washed 666 pawn =
on the way to their fire.
Chaves the khazars banksters pawn, doing his best -
to scare away investors from e.g., KRY -
KRY has the largest gold deposit in the world -
I am been a shareholder for more than 20yrs. -
Chaves the gangsters pawn would never scare me away!
he is to stupid and brainwashed by the banksters -
ex.
the cults bigpharma who is about to kill Chaves off by
their chemicals pillz, chemo terapy, radiation and the rest of
their idiots fraud schemes, lol idiotz 666-evilz -
Chaves too brain washed by khazarz to not fall in to 666 trapz -
Gold will hit $2,100 within weeks -
e.g.;
GATA e-mail message.
Dear Friend of GATA and Gold:
In an essay written exclusively tonight for King World News,
Hinde Capital CEO Ben Davies accelerates his prediction for gold
to break $2,000, on account of quickening recognition, prompted
by Venezuela's repatriation of its gold reserve, that the
Western fractional-reserve gold banking system is woefully
exposed to a short squeeze.
"This," Davies writes, "will get other governments, central
banks, and financial institutions that hold their gold abroad
to reconsider their gold holding locations.
We could see further repatriation of gold home.
Maybe the Europeans will ask for a return of their gold.
Remember last time a European did that? August, 15, 1971,
and Nixon’s closing of the gold window were the response.
And the rest is history" -
--
you can find more of it here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66416132
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/22_Be...
Crystallex J (KRY)
0.115 ? 0.005 (4.55%)
Volume: 78,500 @ 1:09:10 PM ET
Bid Ask Day's Range
0.115 0.12 0.11 - 0.12
TSE:KRY Detailed Quote
Hi roiresearch, how you doing -
the khazar banksters Chavez putting out a lot
of neg. n the gold issues -
the more - the more interesting I get
have a good day
Crystallex J (KRY)
0.1 ? -0.015 (-13.04%)
Volume: 23,500 @ 2:27:18 PM ET
Bid Ask Day's Range
0.1 0.11 0.1 - 0.115
TSE:KRY Detailed Quote
Management’s Discussion and Analysis
For the Three Month Period Ended March 31, 2011
http://www.crystallex.com/Theme/Crystallex/files/Reports/KRY_MDA_FS_Q1_2011_FINAL_v001_w4371v.pdf
CRYSTALLEX INTERNATIONAL CORPORATION
Crystallex has a successful record of developing and operating gold mines in Venezuela and elsewhere in South America. Crystallex is headquartered in Toronto, Canada. The Company’s shares are traded on the Toronto Stock Exchange under the symbol KRY and the OTCQB Marketplace under the symbol CRYXF.
In September 2002, Crystallex was awarded a Mine Operating Contract (the “MOC”) to develop and exploit the gold deposits on the Las Cristinas concessions. Las Cristinas, located in Bolivar State in southeastern Venezuela, is one of the world’s largest undeveloped gold deposits with Measured and Indicated resources of 21 million ounces of gold containing 17 million ounces of proven and probable reserves calculated at a gold price of $550 per ounce. Crystallex’s exploration efforts to date indicate that gold mineralization at Las Cristinas remains open at depth and in certain areas at surface. Las Cristinas thus has considerable potential to grow even further.
Under the terms of the MOC, Crystallex undertook geological, feasibility and environmental studies, completed detailed engineering work, awarded construction contracts, purchased equipment, employed staff at the mine site and secured, refurbished and maintained the existing facilities. In addition, Crystallex completed, as obligated under the MOC, a number of community social programs, including building houses, upgrading water treatment plants, installing a sewage network and sewage treatment plant and constructing a medical facility. Las Cristinas was advanced to the point of commencing earth moving development activities.
Since 2002, Crystallex complied with all terms of the MOC. With the approval of the Feasibility Study in 2004 and the Environmental Impact Study in 2007, along with meeting other requirements, Crystallex fulfilled all the conditions necessary for the grant of the permit to commence mine development at Las Cristinas. In 2008, in contradiction to the legal framework in Venezuela as well as the Government approvals, the Government of Venezuela denied Crystallex the permit to develop Las Cristinas. Despite Crystallex’s continued compliance with the MOC and efforts to reach an amicable solution, the Government of Venezuela unilaterally cancelled the MOC on February 3, 2011.
By denying the permit, unilaterally terminating the MOC, along with other measures, the Government of Venezuela has illegally expropriated Crystallex’s investments in Las Cristinas and eliminated the opportunity to develop a mine. As a result, Crystallex filed a Request for Arbitration on February 16, 2011 under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes, (“ICSID”) of the World Bank in Washington, D.C. against the Bolivarian Republic of Venezuela pursuant to the Agreement between the Government of Canada and the Government of the Republic of Venezuela for the Promotion and Protection of Investments, (the“Treaty”). The claim is for breach of the Treaty’s protections against expropriation, unfair and inequitable treatment and discrimination.
Crystallex Internat CP (TSE:KRY)
http://www.crystallex.com/Company/default.aspx
Crystallex J (KRY)
0.085 ? -0.005 (-5.56%)
Volume: 340,000 @ 3:20:06 PM ET
Bid Ask Day's Range
0.08 0.09 0.08 - 0.09
TSE:KRY Detailed Quote
Crystallex J (KRY)
0.085 ? -0.005 (-5.56%)
Volume: 340,000 @ 3:20:06 PM ET
Bid Ask Day's Range
0.08 0.09 0.08 - 0.09
TSE:KRY Detailed Quote
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The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
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