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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?


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.



To: Valuepro who wrote (3932)11/26/1997 7:06:00 PM
From: tanoose  Respond to of 10836
 
Hello Valuepro;To All

Point well made, and here is a recent, very recent posting from SH.It appears that something will be happening very soon!

Crystallex International Corporation

Posted By
Subject
Date / Post Time (PST)
Message #
frank
Don't disband that winner's circle just yet
11/26/97  15:48
39221

Hello everyone! Not much time to talk now but will by tomorrow evening. Meanwhile, be advised that Richard
Marshall fell in his office this afternoon and broke his ankle. I suspect he won't be in San Francisco. Mark
Oppenheimer is supposely on plane to Bahamas to meet with Nihon and Fung through Sunday and then he flies
to San Francisco for gold show.

Hang in there. People like Avalon, who didn't know squat back in July have done an excellent job in obtaining
valueable insight. There is more than meets the eye. The gold and mining share is in a 1929 stock market-like
crash and you must consider that in your analysis.

Let's all allow those who see the cup half-empty to speak here but let's understand there will be both over
zealous longs and shorts.

Perhaps you need to chronical all the events from day one and not be caught up in the day to day emotions. If
you do, I believe you will see overwhelming evidence and common sense logic to support a pro-kry stance. Stop
getting caught up on what day the announcement will come but rather what it will mean to the situation.

More in the next 24 hours.

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With regards,Frank

P.S.I'am not the same Frank as above, and I hope he does not mind me reposting here.

If anyone wishes to read more regarding Frank's postings at the Winners Cicle, just punch up this url, and go have a good read!

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