VANCOUVER - Crystallex International Corporation (symbol: KRY on TSE and AMEX) today responded to reports that a class action has been filed in New York against the company and Marc J. Oppenheimer, its President and CEO, alleging violations of United States securities laws by the dissemination of false and misleading statements concerning the Cristinas 4 & 6 concessions in Venezuela.
Crystallex has not been served with any documents in this matter and has not had the opportunity to assess the allegations made in the action. Crystallex stands by its record of public disclosure, including with respect to the Cristinas concessions, and intends to vigorously defend the action.
Crystallex International Corporation is a gold mining and exploration company.
Note:
This news release may contain 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 and does not accept responsibility for the adequacy or accuracy of this news release.
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