Crystallex Confirms Permit Position
2005年7月29日 - 4:54AM
PRニュース・ワイアー (英語)
Crystallex Confirms Permit Position TORONTO, July 28
/PRNewswire-FirstCall/ -- Crystallex International Corporation
(AMEX:KRY) Toronto responding to selling pressure in the Company's
shares, Crystallex International Corporation's President and Chief
Executive Officer, Todd Bruce, reiterated today from the Company's
offices in Caracas the Company's statement last week that the
Company is not aware of any developments with respect to its Las
Cristinas project in Venezuela which might account for the pressure
on its share price and increased market activity. "I would again
assure the marketplace that we are actively engaged with government
officials in moving the permitting process to a conclusion," stated
Mr. Bruce. "I am presently in Venezuela actively involved in the
permitting process and we remain unaware of any technical
impediment to the granting of the permit." "Crystallex is in
compliance of its obligations under its mine operation agreement
and remains fully prepared to commence full scale development once
the permit is issued." About Crystallex Crystallex International
Corporation is a Canadian based gold producer with significant
operations and exploration properties in Venezuela. The Company's
principal asset is the Las Cristinas property in Bolivar State that
is currently under development and which is expected to commence
commercial gold production in the second half of 2006 at an initial
annualized rate of some 300,000 ounces. Other assets include the
Tomi Mine, the La Victoria Mine and the Revemin Mill. Crystallex
shares trade on the TSX (symbol: KRY) and AMEX (symbol: KRY)
Exchanges. NOTE: This Release may contain forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Crystallex, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Forward- looking statements are subject to a variety of
risks and uncertainties, which could cause actual events, or
results to differ from those reflected in the forward-looking
statements. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward
looking statements. Specific reference is made to "Narrative
Description of the Business - Risk Factors" in the Company's Annual
Information Form ("AIF"). Forward-looking statements in this
release including, without limitation to, statements regarding the
expectations and beliefs of management include the following: gold
price volatility; impact of any hedging activities, including
margin limits and margin calls; discrepancies between actual and
estimated production, between actual and estimated reserves, and
between actual and estimated metallurgical recoveries; mining
operational risk; regulatory restrictions, including environmental
regulatory restrictions and liability; risks of sovereign
investment; speculative nature of gold exploration; dilution;
competition; loss of key employees; additional funding
requirements; and defective title to mineral claims or property, as
well as those factors discussed in the section entitled "Risk
Factors" in Crystallex's AIF, annual report, and elsewhere in
documents filed from time to time with the Canadian provincial
securities regulators, the United States Securities and Exchange
Commission ("SEC"), and other regulatory authorities. The Toronto
Stock Exchange has not reviewed this release and does not accept
responsibility for the adequacy or accuracy of this news release.
DATASOURCE: Crystallex International Corporation CONTACT: Investor
Relations, A. Richard Marshall, VP of Crystallex International
Corporation, +1-800-738-1577, or Web site:
http://www.crystallex.com/ Company News On-Call:
http://www.prnewswire.com/comp/114620.html
Copyright
Crystallex (AMEX:KRY)
過去 株価チャート
から 6 2024 まで 7 2024
Crystallex (AMEX:KRY)
過去 株価チャート
から 7 2023 まで 7 2024
Real-Time news about Crystallex International Corp. Common Stock (アメリカ証券取引所): 0 recent articles
その他のCrystallex International Corpニュース記事