Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan P who wrote (5583)	2/20/1998 9:27:00 AM
From: bob jaremsek	Respond to of 10836

VANCOUVER, British Columbia, Feb., 20 /PRNewswire/ -- Crystallex International Corporation (AMEX:KRY) (Toronto: KRY.) announced that the holders of its US$10 million principal amount of convertible notes have converted all such notes into 3,044,315 common shares of the Company at an average conversion price of US$3.31 bringing the total number of outstanding common shares to approximately 34.0 million. Certain statements about the Company and its affairs have been published from time to time by third parties that may not be wholly consistent with news releases issued by the Company and public statements made by its officers and directors. Investors should evaluate such third party statements in light of the Company's own public disclosure. As stated by Crystallex on several occasions, the Supreme Court of Venezuela is currently considering Crystallex's application seeking enforcement of its ownership rights over the Cristinas 4 & 6 gold concessions. Crystallex understands that this application is being considered by the Court in the ordinary course. 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: The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. SOURCE Crystallex International Corporation -0- 02/20/98 /CONTACT: A. Richard Marshall, VP Corporate Development, 800-738-1577 or Andrea M. Boltz, 604-683-0672, both of Crystallex International Corporation or Fax on Demand, 800-758-5804, ext. 114620. Visit us on the Internet at crystallex.com. ___________________________________________________ ................. Bob

To: Dan P who wrote (5583)	2/20/1998 9:28:00 AM
From: Paul Lee	Read Replies (2) \| Respond to of 10836

and i'm sure the shorts will tell us this is happening so these people can sell these shares Crystallex Note Holders Convert to Equity VANCOUVER, British Columbia, Feb., 20 /PRNewswire/ -- Crystallex International Corporation (Amex: KRY) (Toronto: KRY.) announced that the holders of its US$10 million principal amount of convertible notes have converted all such notes into 3,044,315 common shares of the Company at an average conversion price of US$3.31 bringing the total number of outstanding common shares to approximately 34.0 million. Certain statements about the Company and its affairs have been published from time to time by third parties that may not be wholly consistent with news releases issued by the Company and public statements made by its officers and directors. Investors should evaluate such third party statements in light of the Company's own public disclosure. As stated by Crystallex on several occasions, the Supreme Court of Venezuela is currently considering Crystallex's application seeking enforcement of its ownership rights over the Cristinas 4 & 6 gold concessions. Crystallex understands that this application is being considered by the Court in the ordinary course.