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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: monday
3
Dec 01, 2011 05:35PM
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Dec 01, 2011 06:01PM
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Dec 01, 2011 06:06PM
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Dec 01, 2011 08:16PM

What??? You aren't up on your TSX Company Manual??? ;-)

There are two TSX review processes for delisting determination. Remedial (707a), and Expedited (707b). NYSE/AMEX was similar.

Afterwards, the TSX appeals process is the same regardless of how a company is reviewed.

Remedial - Company is notified, given 120 days to get its act together, then a chance to meet, then if the determination is to delist, 30 days to appeal.

Expedited - goes straight to the meeting, if determination is to delist, then 30 days to appeal.

Since our, "Dog and Pony Show," is no longer applicable we get the Bum's Rush, like GRZ. Recent TSX delisting notification did little, if anything, to GRZ sp. Any KRY sp reaction to a TSX notification will likely be minimal.

Closing the financing is a material event. A late Sunday to pre-Market Monday PR would take the most advantage of the event. Guess we're expecting a PR on Dec 11-12.

So, Dec 5 possible delist notification, than a week later possible financing PR.

This play has become increasingly interesting.

Although, am not really expecting much when financing closes, as it is just refinancing and maintaining debt. But, who knows, anything can happen in the Pinks.

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