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Gold/Mining/Energy : Crystallex (KRY)
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To: doby who wrote (4545)2/2/1998 10:19:00 AM
From: tanoose  Read Replies (1) of 10836
 
Hi All; KRY in the News??

Globe says Venezuelan rumours help boost stock

Crystallex International Corporation KRY
Shares issued 28,224,929 Jan 30 close $7.60
Mon 2 Feb 98 In the News
Also Placer Dome Inc (PDG)
The Globe and Mail reports in its Saturday, January 31, edition that shares
of Crystallex International, the junior miner fighting a legal battle over
the ownership of a Venezuelan gold mine, rose sharply Friday amid rumours
its opponent, Placer Dome, plans to walk away from the project. The Globe's
Ann Gibbon writes that Placer Dome spokesperson Hugh Leggatt says nothing
could be further from the truth. About 1.3 million Crystallex shares traded
Friday before closing at $7.60 on the TSE up $1.40 from the previous day's
close. Crystallex issued a statement on Friday saying it believes the
activity and price increase in its stock stems from rumours about the
Venezuelan project. It said it had no announcements to make about Las
Cristinas. Rumours emanating from the Internet suggest Placer Dome is
abandoning the project because there have been too many delays in reaching
an ownership decision. Neither side knows when the court will issue a
decision.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

With regards,Frank
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