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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: Re: talk of takeover
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Apr 10, 2009 02:34PM
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Apr 10, 2009 06:43PM
Bolivar Gold buy out by Gold Fields for Choco 10 project then Gold Fields sold Choco 10 to Rusoro all when Chavez was in charge, Hecla's La Camorra sold to Rusoro Venezuela approval came after deal, they had no choice but to approve it, Imo rusoro overpaid for both on the Hecla's La Camorra got screwed since they had to settle for 50/50 joint venture after the fact, from Sanz's reaction I believe he and Vn were taken by surprise since these publicly traded companies need to comply with material disclosure issue, which mean Vn won't know until the deal was announce and surely were not happy with Rusoro moving in on a deal that they were probably set on nationalizing starting with the all to familiar workers strike at Helca's La Camorra, KRY has a binding contract, take over could happen
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