Welcome to the Crystallex HUB on AGORACOM

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: Update May 14,2017

Here is an excerpt:

 Rosneft is currently under U.S. sanctions, which would prevent a takeover of U.S. assets.
"The prize here is Citgo and we are getting closer to it," said Robert L. Weigel, a lawyer for Crystallex, which won a $1.4 billion arbitration award last year against Venezuela following the government's expropriation of a gold mine in 2008.
Crystallex is suing PdVSA to recoup a $2.2 billion dividend that Citgo transferred to its parent in 2015, according to a 2016 exchange offering circular, using the proceeds of a U.S. bond sale. That was after PdVSA abandoned plans in early 2015 to sell the subsidiary outright. As Venezuela's most significant asset in the U.S., Citgo it is a "natural target" for judgment creditors, Crystallex wrote.

The rest is here:

http://www.foxbusiness.com/features/2017/0...ult-risk-rises.html

Good luck all.

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