shares in Consolidated Madison Holdings Ltd. (CMH) for a consideration in Crystallex International Corp.

The sale of the company's 1,050,000 shares of CMH, for consideration consisting of 262,500 shares of Crystallex, was reported yesterday by Bloomberg business news service.

The share disposal followed the company's earlier decision not to acquire control of CMH.

A spokesperson for CMH could not be reached yesterday.

Crystallex explores for and develops gold properties in South America.

CMH has gold prospects and gas properties in Alberta and indirectly owns a men's clothing store in Vancouver and a restaurant in Burnaby, British Columbia.

Van Diemen's also announced that Dr. Luca Riccio, appointed chief consultant geologist to the company, is reviewing potential gold property acquisition opportunities for the company.

Dr. Riccio, until recently, was chief geologist at CMH and will continue his responsibilities with Crystallex.