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TORONTO, ONTARIO--(Marketwire - April 5, 2011) -
Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) has been advised by the NYSE Amex that trading in its common shares has been halted by the NYSE Amex based upon its determination that the Company no longer meets the qualitative standards for continued listing because NYSE Amex believes at this time that the Company is no longer an operating Company.
The Company expects to receive a letter from the NYSE Amex today as an initial step to begin a delisting process. The Company intends to appeal this determination and if necessary request a hearing before an NYSE Amex listings qualifications panel.
About Crystallex
Crystallex International Corporation is a Canadian based company, whose principal asset is its international claim in relation to its investment in the Las Cristinas gold project located in Bolivar State, Venezuela. Crystallex shares trade on TSX (symbol: KRY) and NYSE-Amex (symbol: KRY).
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain statements included or incorporated by reference in this Press Release, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding targets, estimates and assumptions in respect of gold production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, risks relating to additional funding requirements, political and foreign risk, uninsurable risks, competition, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs and dependence on key employees. See "Risk Factors" section of the Company's MD&A. Due to risks and uncertainties, including the risks and uncertainties identified above, actual events may differ materially from current expectations. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Forward-looking statements are made as of the date of this Press Release and the Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT: Crystallex International Corporation
Investor Relations Contact:
Richard Marshall, VP
(800) 738-1577
info@crystallex.com
http://www.crystallex.com/">www.crystallex.com
