- Report of Foreign Issuer (6-K)
November 16 2009 - 4:22PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
|
For
the month of,
|
November
|
|
2009
|
|
|
Commission
File Number
|
001-14620
|
|
|
|
|
Crystallex
International Corporation
|
|
(Translation
of registrant’s name into English)
|
|
18
King Street East, Suite 1210, Toronto, Ontario, Canada M5C
1C4
|
|
(Address
of principal executive offices)
|
Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form
40-F:
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If “Yes” is marked, indicate below the
file number assigned to the registrant in connection with Rule
12g3-2(b): 82-_______________
DOCUMENTS
INCLUDED AS PART OF THIS REPORT
|
Document
|
|
|
|
|
|
1
|
News
Release, dated November 16, 2009.
|
Document
1
For
Immediate
Release
November
16, 2009
RM:
6 – 09
Crystallex
Comments on Market Activity
TORONTO, ONTARIO,
November 16, 2009 – Crystallex International Corporation (TSX: KRY) (NYSE Amex:
KRY).
At the
request of Market Surveillance, on behalf of the Toronto Stock Exchange,
Crystallex is issuing this press release to confirm that it is not aware of any
undisclosed material change which would account for the recent increase in its
stock price and trading volume.
Due
to the ongoing dispute with the Venezuelan Government regarding the issuance of
the Environmental Permit for the Las Cristinas Project, Crystallex has been
exploring various alternatives to mitigate the impasse and protect its
investments under the Mine Operating Contract (“MOC”) that it has with the
Venezuelan Government.
These
alternatives include a number of possible transactions and structures. While
discussions are ongoing, there can be no assurance that definitive agreements
can be reached. The Company continues to work on behalf of all of our
stakeholders to identify and progress alternatives in the context of the Las
Cristinas dispute with the Venezuelan government to maximize stakeholder
value.
In
the event that Crystallex is not able to reach a satisfactory negotiated
settlement, it is prepared to submit its dispute with the Bolivarian Republic of
Venezuela to international arbitration under the terms of the Agreement between
the Government of Canada and the Government of Venezuela for the Promotion and
Protection of Investments. The Company has been advised that by
remaining in full compliance with the MOC while it continues to reach a
resolution on Las Cristinas the Company will preserve the option of
international arbitration. Accordingly, the Company has determined
that it is in the best interest of all stakeholders to remain compliant with the
MOC and incur the consequent expenditures.
About
Crystallex
Crystallex
International Corporation is a Canadian based company, whose principal asset is
its interest in the Las Cristinas gold development project located in Bolivar
State, Venezuela. Crystallex shares trade on the TSX (symbol: KRY) and NYSE Amex
(symbol: KRY) Exchanges.
For
Further Information:
Investor
Relations Contact: Richard Marshall, VP at (800) 738-1577
Visit
us on the Internet: http://www.crystallex.com or Email us at:
info@crystallex.com
SPECIAL
NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release
contains forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws, including: statements relating to the estimated
reserves
and resources at Las Cristinas; anticipated results of drilling programs,
feasibility studies or other analyses; the potential to increase reserves and
expand production, at Las Cristinas; Crystallex's projected construction and
production schedule, and cost and production estimates, for Las Cristinas; and
management's statements regarding its expectations regarding mining in
Venezuela. Forward-looking statements are based on estimates and
assumptions made by Crystallex in light of its experience and perception of
historical trends, current conditions and expected future developments, as well
as other factors that Crystallex believes are appropriate in the
circumstances. Many factors could cause
Crystallex's actual results, performance or achievements to differ
materially from those expressed or implied by the forward looking statements,
including: gold price volatility; impact of any hedging activities, including
margin limits and margin calls; discrepancies between actual and estimated
production, between actual and estimated reserves, and between actual and
estimated metallurgical recoveries; mining operational risk; regulatory
restrictions, including environmental regulatory restrictions and liability;
risks of sovereign investment; speculative nature of gold exploration; dilution;
competition; loss of key employees; additional funding requirements; and
defective title to mineral claims or property. These factors and
others that could affect Crystallex's forward-looking statements are discussed
in greater detail in the section entitled "Risk Factors" in Crystallex’s
Annual Information Form (which is included in the Annual Report on Form 40-F
that Crystallex files with the United States Securities and Exchange Commission
(the "SEC") and elsewhere in documents filed from time to time with the Canadian
provincial securities regulators, the SEC and other regulatory
authorities. These factors should be considered carefully, and
persons reviewing this press release should not place undue reliance on
forward-looking statements. Crystallex has no intention and
undertakes no obligation to update or revise any forward-looking statements in
this press release, except as required by law.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
|
|
CRYSTALLEX
INTERNATIONAL CORPORATION
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
Date:
|
|
November
16, 2009
|
|
By:
|
/s/
Hemdat Sawh
|
|
|
Name:
|
Hemdat
Sawh
|
|
|
Title:
|
Chief
Financial Officer
|
Crystallex (AMEX:KRY)
Historical Stock Chart
From Dec 2024 to Jan 2025
Crystallex (AMEX:KRY)
Historical Stock Chart
From Jan 2024 to Jan 2025
