Rusoro Mining Ltd. 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 [...]
Rusoro Mining Ltd. 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 for an aggregate consideration of US$2,055,000, the Company has issued an additional 3,132,500 non-transferable share purchase warrants to the Note subscribers entitling them to purchase an aggregate of 3,132,500 common shares at a price [...]
Rusoro Mining Ltd. 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 [...]
Rusoro Mining Ltd. announces it has closed a non-brokered private placement of unsecured, non-interest bearing, promissory notes . In consideration for the Notes, the subscribers paid the Company an aggregate of US$2,055,000. The Notes do not have any fixed maturity date. The principal amount payable to the subscribers under the Notes is US$8,220,000 and will only become due and payable from proceeds received by the [...]
Rusoro Mining Ltd. announces a non-brokered private placement of unsecured, non-interest bearing, promissory notes in the principal amount of US$2,130,000 . The Notes will not have any fixed maturity date. The amount payable to the subscribers under the Notes will be four times the principal amount which each subscriber pays to the Company pursuant to the subscription agreement and shall only become due and payable from [...]
Rusoro Mining Ltd. is pleased to announce that on September 21, 2022, it closed, subject to final approval of the TSX Venture Exchange , its non-brokered private placement of 20,000,000 units at a price of $0.0625 per Financing Unit for gross proceeds of $1,250,000. Each Financing Unit consists of one common share of the Company, and one common share purchase warrant , with each Warrant entitling the holder to acquire one [...]
Rusoro Mining Ltd. is pleased to announce a non-brokered private placement of up to 20,000,000 units 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 share purchase warrant , with each Warrant entitling the holder to acquire one additional share at a price of $0.10 for a period of five years. There will be [...]
Trading symbol : RML Rusoro Mining Ltd. 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 to annul the arbitral award of August 22, 2016 made in favor of Rusoro in the amount of US$967.77 million plus interest . Venezuela made the application on June 1, 2021 following the judgment of the French Supreme Court on March 31, 2021 [...]
Rusoro Mining Ltd. 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 for breach of a Settlement Agreement dated October 5, 2018. Rusoro will take the necessary steps to enter the order as a judgment, serve it on Venezuela, and [...]
Rusoro Mining Ltd. announced on Monday, September 20, the Republic of Venezuela voluntarily dismissed its appeal of the US$1.62 billion 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 international arbitration tribunal based in Paris, which found that Venezuela had expropriated Rusoro's mining-related investments [...]
Rusoro Mining Ltd. 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 vigorously pursue [...]
Rusoro Mining Ltd. 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. "Andre Agapov" Andre Agapov, President & CEO Neither the TSX Venture Exchange nor [...]
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