News Releases
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Rusoro Mining News
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August 16, 2023
Rusoro Provides Update on Venezuelan Arbitration
August 16, 2023 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") is pleased to announce that on August 14, 2023, the Company submitted to the United States District Court for the District of Delaware a statement (the "Additional Judgement Statement") setting forth the current value and certain other information concerning the Federal Court judgement issued on March 2, 2018 by the United States District Court for the District of Columbia in favor of Rusoro and against the Bolivarian Republic of Venezuela (the "U.S. Judgement").... |
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July 10, 2023
Rusoro Announces Significant Victory in Proceedings to Enforce Arbitration Award
July 10, 2023 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") is pleased to announce that it has achieved a significant appellate victory in proceedings to enforce an arbitration award it obtained against the Republic of Venezuela arising out of Venezuela's expropriation of Rusoro's gold mining assets, which as of today, with interest, totals over US$1.4 billion.... |
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July 06, 2023
Rusoro Announces Grant of Stock Options
July 06, 2023 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") is pleased to announce that, subject to regulatory approval, it has granted incentive stock options to certain directors, officers and consultants of the Company to acquire an aggregate of 8,550,000 common shares in the capital of the Company at an exercise price of $0.225 in accordance with its 10% rolling Incentive Stock Option Plan. All Options are fully vested as at the date of grant and exercisable for a 10-year term expiring July 5, 2033.... |
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June 07, 2023
Rusoro Mining Ltd. Announces Additional Warrant Issuance
June 07, 2023 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") Further to the Company’s news release of April 4, 2023 announcing the closing of a non-brokered private placement of unsecured, non-interest bearing, promissory notes (the “Notes”) for an aggregate consideration of US$2,055,000, the Company has issued an additional 3,132,500 non-transferable share purchase warrants (the “Warrants”) to the Note subscribers entitling them to purchase an aggregate of 3,132,500 common shares at a price of US$0.10 per common share on or before April 4, 2028. If the Notes are repaid at any time during the term of the Warrants, the expiry date of the Warrants will be accelerated to a date that is thirty days from the date of repayment. Common Shares acquired on exercise of the Warrants will be subject to a four month hold period expiring on October 8, 2023.
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April 11, 2023
Rusoro Mining Ltd. Announces Update on Award Collection From Recent Court Actions
April 11, 2023 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") is pleased to report that the enforcement process in connection with its arbitration award against the Republic of Venezuela has taken several significant steps forward, bringing the Company much closer to finally obtaining compensation for Venezuela's expropriation of its gold mining assets in that country, which took place in 2011 and which an arbitration tribunal found in 2016 violated international law. ... |
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April 4, 2023
Rusoro Mining Ltd. Announces Closing of Promissory Note Private Placement
April 4, 2023 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") announces it has closed a non-brokered private placement of unsecured, non-interest bearing, promissory notes (the "Notes"). In consideration for the Notes, the subscribers paid the Company an aggregate of US$2,055,000. ... |
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March 24, 2023
Rusoro Mining Ltd. Announces Issuance of Promissory Notes
March 24, 2023 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") announces a non-brokered private placement of unsecured, non-interest bearing, promissory notes in the principal amount of US$2,130,000 (the "Notes"). ... |
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January 25, 2023
Rusoro Mining Ltd. Appoints New CFO
January 25, 2023 - Vancouver, British Columbia, Canada - Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") announces that the directors of the Company have appointed Aaron Triplett, CPA, CA as Chief Financial Officer ("CFO") and Corporate Secretary of the Company effective immediately. ... |
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September 22, 2022
Rusoro Announces Closing of $1,250,000 Private Placement, Appointment of Anthony Beruschi and Grant of Stock Options
Vancouver, British Columbia, Canada – Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") is pleased to announce that on September 21, 2022, it closed, subject to final approval of the TSX Venture Exchange ("TSX-V"), its non-brokered private placement (the "Financing") of 20,000,000 units (each, a "Financing Unit") at a price of $0.0625 per Financing Unit for gross proceeds of $1,250,000. ... |
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August 29, 2022
Rusoro Announced $1,250,000 Private Placement
Vancouver, British Columbia, Canada – Rusoro Mining Ltd. (TSX-V: RML) (the "Company" or "Rusoro") is pleased to announce a non-brokered private placement (the "Financing") of up to 20,000,000 units (each, a "Financing Unit") at a price of $0.0625 per Financing Unit for gross proceeds of up to $1,250,000. Each Financing Unit will consist of one common share of the Company, and one common... |
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June 8, 2022
Rusoro Defeats Venezuela's Second Attempt to Annul Arbitral Award
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") is pleased to announce that on June 7, 2022, the Paris Court of Appeal fully rejected a second application of the Bolivarian Republic of Venezuela ("Venezuela") to annul the arbitral award of August 22, 2016 made in favor of Rusoro in the amount of US$967.77 million plus ... |
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October 06, 2021
Rusoro Granted Default Judgement for US $100 million by Supreme Court of the State of New York
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") is pleased to announce that on September 24, 2021, the Supreme Court of the State of New York granted Rusoro's motion to enter a default judgment for US$100 million plus interest in favor of Rusoro against the Bolivarian Republic of Venezuela ("Venezuela") for breach of a Settlement Agreement dated October 5, 2018 (with further interest at the statutory rate of 9% per annum from the date of judgment to the date of p... |
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September 22, 2021
Rusoro Mining Announces Venezuela Voluntarily Dismissed Appeal of US $1.62 Billion Judgment Rendered by the U.S. District Court in Washington DC in Favor of Rusoro Mining
Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro") announced on Monday, September 20, the Republic of Venezuela voluntarily dismissed its appeal of the US$1.62 billion (representing the original award amount of US$967.77 million plus approximately US$652.23 million of interest as calculated by the Company) award judgment rendered by the U.S. District Court in Washington DC in favor of Rusoro Mining, and against Venezuela. That judgment confirmed the award of an internatio... |
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March 31, 2021
Rusoro Mining Announces the French Supreme Court Reinstates Arbitral Award for approximately US$1.58 billion
VANCOUVER, BC, March 31, 2021 /CNW/ - Rusoro Mining Ltd. (the "Company" or "Rusoro") announced this morning that the French Supreme Court, the Cour de Cassation , overturned the decision of the Paris Court of Appeal which had annulled part of the damages portion of the arbitral award previously rendered in favour of the Company. Mr. Andre Agapov, CEO of Rusoro, noted that this decision reinstates the arbitral award in full and will allow the Company to continue to vigoro... |
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September 03, 2020
Rusoro Grants Stock Options
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has granted an aggregate of 4,325,000 stock options under the Company's stock option plan to insiders, employees and consultants of the Company with an exercise price of $0.05 per stock option, exercisable for a period of ten years from the date of grant, subject to approval of the TSX Venture Exchange. ... |
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March 04, 2020
Rusoro Announces Share Purchases by CEO
Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has been advised that Andre Agapov, President and CEO of the Company, has acquired shares of Rusoro in the public market. Following the acquisition of 1,929,000 common shares of Rusoro, Mr. Agapov holds an aggregate of 87,066,167 common shares representing 15.98% of the issued and outstanding shares of the Company. Mr. Agapov would hold 102,266,167 common shares, which represents 18.26% on a partially dil... |
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May 02, 2019
Rusoro Grants Stock Options
Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has granted an aggregate of 11,050,000 stock options under the Company's stock option plan to insiders, employees and consultants of the Company with an exercise price of $0.105 per stock option, exercisable for a period of ten years from the date of grant, subject to approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO
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April 01, 2019
Rusoro Mining Executes Addendum to Funding Agreement
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") is pleased to announce that it has executed an addendum to its funding agreement whereby the Company can continue to use the remaining funding available for its pursuit to reinstate the Award's findings on damages in full or otherwise obtain fair compensation for the unlawful expropriation of its investments in Venezuela, in light of the Paris Court of Appeals partial annulment of the Award as disclosed in the C... |
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January 30, 2019
Paris Court of Appeals Decision on Award
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that, in a decision dated 29 January 2019 (the "French Court Decision"), the Paris Court of Appeals partially annulled the arbitral award (the "Award") issued in favour of the Company in August 2016 by a tribunal constituted pursuant to the Canada-Venezuela bilateral investment treaty (the "Treaty") and the rules of the Additional Facility of the International Centre for Settlement of Investment Disputes. Whilst... |
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December 18, 2018
Rusoro Mining Provides Update on Initial Payment from Bolivarian Republic of Venezuela
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") would like to provide an update on the status of the initial US$100 million payment from the Bolivarian Republic of Venezuela ("Venezuela"). A portion of the funds were sent by Venezuela and received by a Canadian bank representing Rusoro. The bank refused to advance the funds to Rusoro due to concerns about the US sanctions and the effect facilitating the payment may have on their US subsidiary. The Company continues t... |
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October 19, 2018
Rusoro Mining Executes Settlement Agreement with Bolivarian Republic of Venezuela
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has executed a settlement agreement ("Settlement Agreement") with the Bolivarian Republic of Venezuela ("Venezuela") by which Venezuela agrees to pay Rusoro over ... |
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