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

To: Irish Jack who wrote (8865)	6/11/1998 5:14:00 PM
From: bill	Read Replies (1) \| Respond to of 10836

CBC Newsworld reports that Ven Supreme Court has ruled that KRY has NO claim to Las Christinas.

To: Irish Jack who wrote (8865)	6/11/1998 5:28:00 PM
From: Famularo	Read Replies (3) \| Respond to of 10836

Crystallex International Corporation - Bloomberg says Venezuelan court rules in favour of PDG Crystallex International Corporation KRY Shares issued 34000000 1998-06-10 close $5.35 Thursday Jun 11 1998 Also Placer Dome Inc (PDG) Bloomerg Financial news service, in a bulletin distributed at 4:56 p.m. Eastern time, says the Venezuelan Supreme Court has rejected a claim by Vancouver-based Crystallex International that it held title to the country's richest gold deposit. The report says Crystallex apparently has accepted that it has come to the end of its legal road concerning the Cristinas 4 & 6 deposits. Said KRY lawyer Ricardo Cottin: "This is a decision we will respect, even though we don't share it." Bloomberg says the decision clears the way for Minera Las Cristinas, or Minca, to resume construction of the mine which was halted in January pending the court ruling. Minca is a joint venture owned 70 per cent Vancouver-based giant Placer Dome and 30 per cent by a local government agency. Bloomberg quoted a Placer spokeswoman as saying: "We are happy that our rights have been recognized." Placer will hold a press conference at 5 p.m. Eastern time, the report says. KRY ended a wild day of trading down $2.80 at $2.55 on very high volume of 1.36 million shares.