Crystallex Issues Update on Amex Halt
April 05 2011 - 12:08PM
Marketwired
Crystallex International Corporation (TSX: KRY)(NYSE Amex: KRY) has
been advised by the NYSE Amex that trading in its common shares has
been halted by the NYSE Amex based upon its determination that the
Company no longer meets the qualitative standards for continued
listing because NYSE Amex believes at this time that the Company is
no longer an operating Company.
The Company expects to receive a letter from the NYSE Amex today
as an initial step to begin a delisting process. The Company
intends to appeal this determination and if necessary request a
hearing before an NYSE Amex listings qualifications panel.
About Crystallex
Crystallex International Corporation is a Canadian based
company, whose principal asset is its international claim in
relation to its investment in the Las Cristinas gold project
located in Bolivar State, Venezuela. Crystallex shares trade on TSX
(symbol: KRY) and NYSE-Amex (symbol: KRY).
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, its subsidiaries and its
projects, 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 targets, estimates and assumptions in respect of gold
production and prices, operating costs, results and capital
expenditures, mineral reserves and mineral resources and
anticipated grades and recovery rates. 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, 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. Such factors include, among others,
risks relating to additional funding requirements, political and
foreign risk, uninsurable risks, competition, environmental
regulation and liability, government regulation, currency
fluctuations, recent losses and write-downs and dependence on key
employees. See "Risk Factors" section of the Company's MD&A.
Due to risks and uncertainties, including the risks and
uncertainties identified above, actual events may differ materially
from current expectations. 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.
Contacts: Investor Relations Contact: Crystallex International
Corporation Richard Marshall, VP (800) 738-1577 info@crystallex.com
www.crystallex.com
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