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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: Citgo Claims To Be Decided In Order, Del. Federal Judge Says

From Reuters today

 

HOUSTON, July 27 (Reuters) - A U.S. judge has given priority to miner Crystallex International to cash proceeds from a proposed auction of shares in one of the parents of Venezuela-owned refiner Citgo Petroleum, while granting oil producer ConocoPhillips (COP.N) a position "near the front of the line."

Judge Leonard Stark from Delaware on Thursday established criteria for organizing dozens of creditors lining up to take part in the auction, whose launching date was set for Oct. 23 and is expected to be completed a year after.

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