Johan Van't Hof Joins the Board of Crystallex; Becomes Chairman of the Audit Committee
20 March 2004 - 12:55AM
PR Newswire (US)
Johan Van't Hof Joins the Board of Crystallex; Becomes Chairman of
the Audit Committee TORONTO, March 19 /PRNewswire-FirstCall/ --
Crystallex International Corporation (Amex: KRY; TSX) announced
today that Johan Van't Hof, President of Tonbridge Corporation, a
Toronto based infrastructure fund manager has joined the Board of
Directors of the Company. Mr. Van't Hof is the former COO and
remains a director of Carter Group, Inc., a North American
electronics auto parts manufacturer. Mr. Van't Hof, a chartered
accountant, has been appointed Chairman of Crystallex's Audit
Committee. David Matheson stepped down as Chairman and a member of
the Audit Committee since he is no longer an independent director
as his law firm now acts as legal counsel to Crystallex. "Mr. Van't
Hof will be a valued addition to our Board of Directors," said Todd
Bruce, Crystallex's President and Chief Executive Officer. "His
strong accounting background and impressive experience in financial
analysis, project finance, and in structuring infrastructure
transactions, especially in South America, will benefit us greatly
as we embark on larger mining projects such as our development of
the Las Cristinas properties in Venezuela." Before joining the
Carter Group, Inc., Mr. Van't Hof held several senior Accounting
and Financial positions including Partner and Managing Director,
PricewaterhouseCoopers Securities Inc., Project Finance &
Privatization, from 1991 to 2001, and Corporate Finance Partner and
Partner in Charge of the National Office, Grant Thornton and its
predecessor firms, from 1983 to 1991. Mr. Van't Hof was seconded to
the Corporate Finance Department, Ontario Securities Commission, in
1982 and 1983. Mr. Van't Hof is a graduate of the Amsterdam
Institute of Finance, Project Finance Program, is a Chartered
Accountant (Ontario), and holds a Bachelor of Commerce degree and
an MBA (Finance) from the University of Toronto. Mr. Van't Hof is a
lecturer in Accounting and Finance at the University of Toronto, a
lecturer with the Ontario Institute of Chartered Accountants, and a
past lecturer in Auditing at the University of Waterloo. He has
been a frequent presenter at conferences of the Canadian Council
for Public Private Partnerships. About Crystallex Crystallex
International Corporation is a Canadian based gold producer with
significant operations and exploration properties in Venezuela. The
Company's principal asset is the Las Cristinas property in Bolivar
State which is currently under development. Other key assets
include the Tomi Mine, the La Victoria Mine and the Revemin Mill.
Crystallex shares trade on the TSX and AMEX Exchanges. For Further
Information: Investor Relations Contact: A. Richard Marshall, VP at
(800) 738-1577 Visit us on the Internet: http://www.crystallex.com/
Email us at: NOTE: This may include certain "forward-looking
statements" within the meaning of the United States Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historicalfact, included in this presentation,
including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans
and objectives of Crystallex, are forward-looking statements that
involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Company's expectations are disclosed
under the heading "Risk Factors" and elsewhere in documents,
including but not limited to its annual information form ("AIF")
and its annual report on Form 20-F, filed from time to time withthe
Canadian provincial securities regulators, the United States
Securities and Exchange Commission ("SEC"), and other regulatory
authorities. The Toronto Stock Exchange has not reviewed this
release and does not accept responsibility for the adequacyor
accuracy of this news release. DATASOURCE: Crystallex International
Corporation CONTACT: Investor Relations, A. Richard Marshall, VP of
Crystallex International Corporation, +1-800-738-1577 Web site:
http://www.crystallex.com/ Company News On-Call:
http://www.prnewswire.com/comp/114620.html
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