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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

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Message: Gold Reserve's Board of Directors Rejects Rusoro Mining Ltd.'s Unsolicited Offer

Also doesn't sound like Rusoro is in such good standing as they claim:



Despite Rusoro's claim that is has an "established" relationship with the Venezuelan government, a Venezuelan government entity, Ferrominera del Orinoco ("FMO"), has instigated legal proceedings against a Rusoro subsidiary,
Promotora Minera de Guayana S.A. ("PMG"), asking for the annulment of a
shareholders meeting whereby FMO's equity stake in PMG was diluted
from 30% to 0.02%. In addition, Rusoro has not obtained all of the permits required by the Venezuelan government for the Choco 10 mine and Cooperativa de Molineros El Callao II RL has commenced an action against Rusoro in the Venezuelan courts claiming possession of the Choco 10 mine site and damages in the amount of approximately US$10,500,000 for eviction from the Choco 10 mine site. Neither the Board of Corporacion Venezolana de Guayana, a Venezuelan state company, nor the council of Ministers has approved Rusoro's
claimed 95% ownership interest in Choco 4 and Choco 10.

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