Crystallex International Corp working to reverse ruling denying a permit covering the Las Cristinas gold deposit

Crystallex International Corp said Monday it is working to reverse a ruling by a director general of Venezuela's Ministry of the Environment and Natural Resources denying a permit covering the Las Cristinas gold deposit.
Crystallex stock, which hit a low of 56 cents Friday after plunging from $1.61 on the April 30 permit news, perked up 32 cents or 53 per cent to 92 cents on the TSX Monday morning — down from $5.70 a year ago.
Crystallex said it has filed a legal rebuttal to the permit decision and its partner, concession holder Corporacion Venezolana de Guayana, will do the same.
In the meantime, the Toronto-headquartered company “has had the opportunity to meet with officials of both the government of Venezuela and the CVG and has begun the process seeking the reversal of the director general's communication in order to bring the Las Crystallex gold deposit into production.”