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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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Dendreonaire

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We have a voice

posted on Mar 12, 2013 12:51PM

As at the date of this report, the Monitor is advised that, while at a high level there is the

general outline of a potential agreement with the Noteholders, much negotiation needs to

be done to move to documentation and several issues remain outstanding. The Monitor

has not been directly involved in these negotiations to date and is at this point not aware

of the proposed terms. The Monitor has been advised that the Applicant intends to

consult with the Monitor shortly with respect to the status of these negotiations and well

before a settlement, if any, is finalized.

The Monitor remains supportive of a consensual resolution of the issues between the

Applicant and the Noteholders. Tony Reyes, a shareholder of the Applicant, and his

counsel, have been advised by counsel to the Monitor that negotiations are ongoing

between Crystallex and the Noteholders that may lead to a settlement. Mr Reyes' main

concern at this time is to have adequate notice to consider and, if felt necessary, to