Crystallex International Corporation: News Release.TORONTO -- Crystallex International Corporation Crystallex International Corporation (TSX: KRY, AMEX: KRY) is a Canadian corporation engaged in gold mining and exploration. It operates open-pit mines and exploration sites in Venezuela. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :KRY KRY Crystallex International Corporation (stock symbol) )(AMEX AMEX See: American Stock Exchange :KRY) announced today that it has issued 1,661,130 common shares to Azimuth Opportunity, Ltd. (Azimuth) for gross proceeds of C$5 million pursuant to the exercise of a draw down under the terms of its equity draw down facility. The details of the draw down are set out in a pricing supplement dated January 25, 2006 which is available at the SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review web-site at www.sedar.com. Azimuth may, during the period commencing on January 26, 2006 and ending 40 days thereafter (distribution period), distribute the common shares acquired from Crystallex pursuant to the draw down to purchasers through the facilities of the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX purchasers). Crystallex's prospectus supplement dated September 14, 2005 (together with a short form base shelf prospectus dated August 23, 2005) qualifies and registers the distribution of common shares by Azimuth to TSX purchasers during the distribution period. Under the terms of a ruling and order of the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. dated September 6, 2005, prospectuses will not be delivered to TSX purchasers. TSX purchasers will, however, have the statutory rights for rescission or damages described under "Purchasers' Statutory Rights" in the prospectus supplement dated September 14, 2005. Copies of the short form base shelf prospectus dated August 23, 2005 and the prospectus supplement dated September 14, 2005 are available at the SEDAR web-site at www.sedar.com. About Crystallex Crystallex International Corporation is a Canadian gold producer with operations and exploration properties in Venezuela. The Company's principal asset is its interest in the Las Cristinas property in Bolivar State that is currently under development. Other assets include the Tomi Mine and the Revemin Mill. Crystallex shares trade on the TSX (symbol: KRY) and AMEX (symbol: KRY). The Toronto Stock Exchange has not reviewed this release and does not accept responsibility for the adequacy or accuracy of this news re lease. Crystallex International Corporation (AMEX:KRY) (TSX:KRY) |
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