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

To: flightlessbird who wrote (5506)	2/19/1998 1:30:00 AM
From: Jay Durell	Read Replies (1) \| Respond to of 10836

I don't know where you're from but the article will also be published in tommorro's Financial Post if you don't believe me.

To: flightlessbird who wrote (5506)	2/19/1998 8:56:00 AM
From: Islander	Read Replies (2) \| Respond to of 10836

Shorters, N NELLIES:Last chance for last minute read courtesy of pawelb on SH! July 18, 1997 CRYSTALLEX LEGAL ANALYSIS DETAILS VENEZUELAN COURTS SUPPORT OF COMPANY'S OWNERSHIP OF LAS CRISTINAS 4 & 6 VANCOUVER, JULY 18, 1997 - CRYSTALLEX INTERNATIONAL CORPORATION (AMEX: KRY; Toronto), today released a detailed analysis of Tuesday's Venezuelan Supreme Court decision admitting for review by the Court's full Administrative Political Chamber the application by Crystallex's unit, Inversora Mael regarding its ownership rights to the Cristinas 4 & 6 mining concessions. Crystallex is releasing this analysis to correct misinterpretations and misperceptions of the decision by Canadian and U.S. investors stemming from the lack of familiarity with the specifics of Venezuelan Civil Law and Civil Procedures. Key points made in the Crystallex legal analysis are: 1. Crystallex did not "win" on copper concession issues and "lose" on "gold" issues. Mael's motions request that, based on its underlying ownership of and title to Cristinas 4 & 6, that CVG be stripped of mining rights it was improperly awarded. Those motions were all accepted, fully recognizing Mael's ownership. 2. Tuesday's decision was a first step in having the full Administrative Political Chamber of the Court consider Crystallex's various requests that the Court declare null and void mining rights improperly granted to CVG. All those requests, as one single application, will now be reviewed and ruled upon by the full Court. 3. Admitting Judge Acuna's determination that she was not authorized to rule on admitting Crystallex's three motions to strip CVG of purported gold mining rights because of procedural timing issues does not and can not preclude those motions from being considered by the full Court. Indeed, the Judge's determination here has no effect on Mael's underlying rights. Under Venezuelan Civil Law, a mandatory appeal process guarantees that these motions will go before the full Court -- the same Court that ordered the publication in the country's Official Gazette of Mael's title to the Cristinas concessions. 4. Under Venezuelan Law, the Political Administrative Chamber of the Court that will now consider Crystallex's motions has the authority to nullify governmental actions such as the improper award of mining rights to CVG, even after the "statute of limitations" for regular challenges to those actions has passed. Crystallex President Marc Oppenheimer, commenting on the analysis, said, "Some parties have looked at this decision backwards. Crystallex was not asking to be granted the rights to mine specific minerals -- the court already gave us title in its 1991, '96 and '97 decisions. We are asking the court, based on Mael's ownership, to strip from CVG the grants to mine copper and gold that were improperly conferred by the Ministry of Mines. The admission of any of our motions recognizes our underlying ownership -- which includes the right to mine gold at Las Cristinas. The Court has once again confirmed that Mael is the sole registered title holder for the concession. At no point does Judge Acuna's ruling even suggest that anyone else, CVG or Placer Dome included, owns Las Cristinas." The full analysis follows. Copies of the Judge's decision are available from Crystallex. Crystallex International Corporation is a gold mining and exploration company. The Company's strategy for growth is to develop a 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. Analysis of July 15, 1997 Venezuelan Supreme Court Rulings On Behalf of the Board, "Marc J, Oppenheimer" Marc J, Oppenheimer, President & CEO NOTE: The Toronto Stock Exchange and the Vancouver Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release. - 30 - For further information contact A. Richard Marshall, VP Corporate Development at 1-800-738-1577, or Fax on Demand at 1-800-758-5804, ext. 114620, or use our online form.