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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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GRZ separation time expires today -- from Jan press release

posted on Feb 17, 2009 09:14AM

Gold Reserve Postpones Separation Time Under Shareholder Rights Plan

January 21, 2009 8:54 AM EST

SPOKANE, Wash.--(BUSINESS WIRE)-- Gold Reserve Inc. (NYSE Alternext: GRZ) (TSX: GRZ) today announced that its Board of Directors has postponed the separation time under Gold Reserve's shareholder rights plan to February 17, 2009. The hostile offer by Rusoro Mining Ltd. (TSX-V: RML) of December 15, 2008 (the "Offer") to acquire all of the outstanding shares and equity units of Gold Reserve in consideration for three shares of Rusoro for each Gold Reserve share or equity unit tendered under the Offer is not a "Permitted Bid" within the meaning of the Gold Reserve shareholder rights plan.

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