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Welcome to the Crystallex HUB on AGORACOM

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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brundoggie

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Re: 1 question 1 comment

in response to

1 question 1 comment

SCOTT67

posted on Dec 10, 2009 02:10PM

Scott,

If kry files for arbitration doesn't that mean there is a change in control and bondholders have a valid claim?

Per Richard Marshall on Nov13th??

In November of 2008 Crystallex notified Venezuela of a Dispute regarding the Permitting of Las Cristinas (see Nov 28, 2008 news release). Crystallex believes it would have a solid claim for compensation and damages under the Canada/Venezuela FIPA at ICSID – and this remains a viable option. However, at this time, Crystallex is pursuing a resolution/solution to the Dispute.

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