To: Valuepro who wrote (3932 ) 11/26/1997 2:41:00 PM From: OrionX Read Replies (1) | Respond to of 10836
TO ALL: Attention Business Editor: CRYSTALLEX RESPONDS TO REPORTS VANCOUVER, British Columbia, Nov. 26 /CNW/ -- Responding to a published report today that recounts previously disclosed information regarding insider sales of Crystallex International shares, Crystallex International Corporation (Amex: KRY; Toronto: KRY.) issued the following statement: "Published reports today create an incomplete, and thus inaccurate, picture of previously disclosed transactions regarding the investment position of Crystallex President & CEO Marc J. Oppenheimer. Mr. Oppenheimer retains an exerciseable option position equivalent to more than 1 million shares of Crystallex common stock. More than two months ago, as was widely reported at that time, Mr. Oppenheimer exercised a fractional portion of his option position, and sold 108,000 shares of Crystallex stock. Management and Directors at present control in excess of 5.5 million Crystallex shares in stock and options." Crystallex International Corporation is a gold mining and exploration company. The Company's strategy for growth is to develop its portfolio of properties in South America as well as to diversify geographically by investing in producing or near production projects and by exploring properties of merit in other areas of the world. Note: This news release includes certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Crystallex are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the Toronto Stock Exchange, the United States Securities and Exchange Commission 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. -0- 11/26/97 For further information: A. Richard Marshall, VP, 800-738-1577 or Andrea Boltz, 604-683-0672, both of Crystallex -------------------------------------------------------------------------- Release sent courtesy of Canada NewsWire Portfolio Email.