VANCOUVER - CRYSTALLEX INTERNATIONAL CORPORATION (AMEX: KRY; Toronto) 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.
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.
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