Crystallex International Corp. welcomes the Award released yesterday by the Additional Facility of the World Bank’s International Centre for Settlement of Investment Disputes in relation to its claims against the Bolivarian Republic of Venezuela. The Tribunal awarded the company damages of US$1.202 Billion plus pre- and post-award interest [...]
Crystallex International Corporation awaits the final award of the arbitral tribunal constituted under the rules of the Additional Facility of the World Bank's International Centre for Settlement of Investment Disputes to decide its $3.16 billion claim against the Bolivarian Republic of Venezuela in relation to the unlawful expropriation of its [...]
Crystallex announced today that it had reached a settlement with the U.S. Securities and Exchange Commission in which Crystallex will consent to an order revoking its registration under the Securities Exchange Act of 1934 (the "Act"). The settlement follows the commencement by the Division of Enforcement of the SEC of administrative proceedings [...]
Crystallex announced today that it has filed under the Company's profile at sedar.com its audited financial statements for the fiscal year ended December 31, 2011 and the related management's discussion and analysis. In addition, the Company has filed, in lieu of a management information circular in respect of its 2011 fiscal year, an information [...]
The following corrects and replaces the release issued at 3:02 pm ET on June 27, 2012. The ticker symbol in the original version was incorrect and should have been OTCBB:CRYFQ. The complete and corrected release follows. Crystallex International announced today that it has drawn down an additional amount of US$8 million (for an aggregate total of [...]
Crystallex announced today that it has drawn down an additional amount of US$8 million under the terms of the credit agreement governing the Company's debtor-in-possession US$36 million term loan facility provided by an entity managed by Tenor Capital Management Company LP. These funds will be used to fund the Company's operations, including the [...]
Crystallex announced today that it has obtained a court order which allows it to delay holding its annual meeting pending a further order of the Court. Crystallex filed for creditor protection in Canada on December 23, 2011. In lieu of issuing a management information circular in respect of its 2011 fiscal year at this time, Crystallex will prepare [...]
Crystallex announced today that the Ontario Superior Court of Justice issued an order approving the Company's debtor-in-possession (DIP) financing of US$36,000,000 provided by an entity managed by Tenor Capital Management Company LLC. In accordance with the terms of the senior secured credit agreement pursuant to which the DIP financing is expected [...]
Crystallexannounced today that, consistent with its announcement of March 16, 2012, the Company did not file, by the deadline of March 30, 2012, its audited financial statements for the fiscal year ended December 31, 2011, related management's discussion and analysis, 2011 annual information form and CEO and CFO certificates related to the [...]
Crystallex announced today that it has successfully concluded an auction process to raise debtor-in-possession financing in accordance with the procedures approved by Ernst & Young pursuant to the initial order made by the Ontario Superior Court of Justice (Commercial List) under the Companies' Creditors Arrangement Act (Canada) ("CCAA") on [...]
Crystallex International Corporation announced today that, in light of its financial circumstances, the Company will not be in a position to prepare and file annual audited financial statements and other annual disclosure documents, required by Canadian securities laws in respect of the Company's financial year ended December 31, 2011, by March 30 [...]
Crystallex today announced that its Board of Directors has voted to adopt an additional shareholder rights plan. The New Rights Plan does not replace the original shareholder rights plan of the Company dated as of June 22, 2006 which is expected to expire this year. The Board adopted the New Rights Plan because the Existing Rights Plan may not [...]
