Re: Gold Reserve's Board of Directors Rejects Rusoro Mining Ltd.'s Unsolicited Offer
posted on
Dec 30, 2008 01:49PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
A polite way of saying "they're crooks"
- Financial and mining experts raise material concerns regarding
Rusoro. The Gold Reserve Board retained two independent experts to
review Rusoro's public disclosures regarding its financial statements
and its mining operations. Rosen & Associates Limited, an independent
litigation and investigative accountant, reviewed Rusoro's public
financial disclosures and concluded, "In our opinion, Rusoro's
financial reporting of its historical results and of the pro forma
combined entity does not provide sufficient information for GRI's
shareholders to make an informed assessment about the Offer.