LONDON, April 21, 2006 (PRIMEZONE) -- Crew Gold Corporation ("Crew") (TSX:CRU) (Oslo:CRU) (Frankfurt:KNC) (Other OTC:CRUGF):
On April 20, 2006, Jan A Vestrum, President and Chief Executive Officer of Crew, undertook the following transactions:
i. Mr. Vestrum bought 4,200,000 shares in Crew at NOK
10.75 by way of the fulfilment of a previously
announced forward contract, sold 4,200,000 shares
in Crew at NOK 14.60 and bought 4,200,000 shares in
Crew at 14.75 by way of a new forward contract with
maturity July 20, 2006.
ii. Mr. Vestrum bought 500,000 shares in Crew at NOK 10.68
by way of the fulfilment of a previously announced
forward contract, sold 500,000 shares in Crew at NOK
14.60 and bought 500,000 shares in Crew at 14.75 by
way of a new forward contract with maturity July 20,
2006.
iii. Mr. Vestrum acquired 50,000 common shares at an
average price of NOK 14.60.
Mr. Vestrum's total exposure is 9,719,042 Crew shares, including common shares, convertible bonds, forward contracts and options.
Jan A Vestrum President & CEO
Safe Harbour Statement
Certain statements contained herein, as well as oral statements that may be made by the company or by officers, directors or employees of the company acting on the company's behalf, that are not statements of historical fact, may constitute "forward-looking statements" and are made pursuant to applicable and relevant national legislation (including the Safe-Harbour provisions of the United States Private Securities Litigation Reform Act of 1995) in countries where Crew is conducting business and/or investor relations. Forward-looking statements, include, but are not limited to those with respect to the expected pricing, size and timing of the proposed private placement. Often, but not always, forward-looking statements can be identified by the use of words such as "plans," "expects," "does not expect," "is expected," "targets," "budget," "estimates," "forecasts," "intends," "anticipates" or "does not anticipate," or "believes," or equivalents or variation, including negative variation, of such words and phrases, or state that certain actions, events or results, "may," "could," "would," "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the price of gold, fluctuations in financial markets, investor interest in the proposed private placement. Although Crew has attempted to identify important factors that could cause actual actions, events or cause actions events or results not to be anticipated, estimated or intended, there can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Except as may be required by applicable law or stock exchange regulation, the company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Accordingly, readers should not place undue reliance on forward-looking statements.
For more information, please contact our U.K. Head Office (TEL +44 -1932 268755) or by email to enquiries@crewgold.com. For more information about Crew, additional contact information or to subscribe to future news releases, please visit our new website www.crewgold.com.