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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: 2/11 repost of why venezuela terminated LC contract

http://www.bloomberg.com/news/2011-02-07/crystallex-says-venezuela-terminated-las-cristinas-gold-accord.html

a repost, but its not bad to re-read their grounds for our contract cancellation! KRY had a lack of progress! I expect the arbitage rulings to see the lies and award judgements for KRY accordingly. I just copy/pasted part of the article below

Crystallex Says Venezuela Terminated Las Cristinas Gold Accord

By Jose Orozco - Feb 6, 2011 9:53 PM PT

Crystallex International Corp., a Canadian gold producer and explorer, said the Venezuelan government canceled its contract to develop the Las Cristinas deposit, citing a delay of more than a year.

A letter from the state-run Corp. Venezolana de Guayana says the project in southeastern Bolivar state was “unilaterally terminated,” Crystallex said yesterday in a statement distributed by Marketwire. The letter included a copy of a resolution passed by the CVG, the state owned industrial holding company, on Feb. 3, which stated a lack of “progress” and “reasons of opportunity and convenience” as grounds for cancellation, the statement said.

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