TORONTO - Crystallex International Corporation (TSX, AMEX: "KRY") announced today that Michael Brown, President of Capital Markets Advisory and a 30-year veteran of mining finance and analysis, has joined its Board as an independent Director.
"Mr. Brown will be an excellent addition to our working Board of Directors," Crystallex's President and Chief Executive Officer, Marc J. Oppenheimer said. "His impressive credentials in mining corporate finance and analysis will benefit us greatly as we embark on new, larger projects such as our development of Las Cristinas, one of the largest gold deposits in Latin America."
Before founding Toronto-based Capital Markets Advisory in 2001, Mr. Brown held positions with Macquarie Bank of Australia, first as President and Chief Executive Officer of Macquarie North America, which he established in 1998, and then as Vice Chairman. He and his team are credited with winning a number of cross-border merger and acquisition mandates and mining advisory assignments for Macquarie, which is highly recognized in the mining industry.
Prior to that, Mr. Brown was a Managing Partner with Gordon Capital Corporation, responsible for coordinating and marketing Gordon Capital's investment banking services to the mining industry. He was closely involved with financings and advisory assignments for clients ranging from high-profile mining companies to small producers.
He was a founder of McLean McCarthy's equity research in 1973, and continued as mining analyst and Managing Director of Research after the firm was acquired by Deutsche Bank. Earlier in his career, Mr. Brown also held positions in mining corporate finance and analysis with Rio Algom and then with investment dealer, Harris & Partners Limited.
Mr. Brown served for 14 years as a member of the TSX Stock List Committee and was a Governor of the Exchange for two years. He is past President of the Mineral Resources Analysts Group, a member of the Toronto Society of Financial Analysts and is a Chartered Financial Analyst and registered Professional Engineer. He holds a B.Sc. degree from the University of Edinburgh and a Master of Business Administration from the University of Western Ontario.
Mr. Oppenheimer also announced that Gordon M. Thompson is retiring from the Board, for reasons unrelated to Crystallex and its business. "We will miss Gord Thompson," said Mr. Oppenheimer. "His financial experience has been a valuable asset to us during his two years on our Board and we are grateful for his dedicated service."
About Crystallex: Crystallex International Corporation is an emerging intermediate gold mining company operating as well as developing new mines in Venezuela and Uruguay. Crystallex's strategy for growth is to develop its portfolio of producing properties as well as to diversify geographically by investing in producing or near-production projects and by exploring properties of merit in other areas.
For Further Information: Investor Relations: A Richard Marshall, VP at (800) 738-1577 Media Contact: Susan Reisler, Media Profile (416) 504-8464 To receive previous Company releases: (800) 758-5804 ext.114620 Visit us on the Internet: http://www.crystallex.com
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 this release and does not accept responsibility for the adequacy or accuracy of this news release.
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