Rusoro Mining Ltd. 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 [...]
Rusoro Mining 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. "Andre Agapov" Andre Agapov, President & CEO Neither the TSX Venture Exchange nor its [...]
Rusoro Mining Ltd. 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 [...]
Rusoro Mining Ltd. announces that, in a decision dated 29 January 2019, the Paris Court of Appeals partially annulled the arbitral award issued in favour of the Company in August 2016 by a tribunal constituted pursuant to the Canada-Venezuela bilateral investment treaty and the rules of the Additional Facility of the International Centre for Settlement of Investment Disputes. Whilst the Paris Court of Appeals upheld the [...]
Rusoro Mining Ltd. would like to provide an update on the status of the initial US$100 million payment from the Bolivarian Republic of 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 [...]
Rusoro Mining Ltd. announces that it has executed a settlement agreement with the Bolivarian Republic of Venezuela by which Venezuela agrees to pay Rusoro over US$1.28 billion to acquire the Company's mining data and for full release of the arbitral award issued in favor of the Company in August 2016 by a tribunal constituted pursuant to the Additional Facility of the International Centre for Settlement of Investment [...]
Rusoro Mining Ltd. announces that it has agreed on the terms of a settlement proposal with the Bolivarian Republic of Venezuela by which Venezuela agrees to pay Rusoro over US$1.28 billion to acquire the Company's mining data and for full release of the arbitral award issued in favor of the Company in August 2016 by a tribunal constituted pursuant to the Additional Facility of the International Centre for Settlement of [...]
Rusoro Mining Ltd. announces that it has granted an aggregate of 11,375,000 stock options under the Company's stock option plan to insiders, employees and consultants of the Company with an exercise price of $0.075 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 [...]
Trading symbol : RML VANCOUVER, May 8, 2018 /CNW/ - Rusoro Mining Ltd. announces that on May 7 and 8, the Company filed lawsuits in Houston and Calgary in connection with its ongoing effort to enforce judgments totaling approximately US$1.34 billion entered by courts in the U.S. and Canada following Venezuela's expropriation of Rusoro's gold mining properties in Venezuela. These U.S. and Canadian judgments recognize and [...]
Trading symbol : RML VANCOUVER, March 14, 2018 /CNW/ - On August 16, 2017, an arbitration tribunal convened under the Canada-Venezuela Bilateral Investment Treaty found that the Republic of Venezuela had unlawfully expropriated the gold mining assets of Rusoro Mining Ltd. , a Canadian Mining Corp.. The arbitral tribunal ordered Venezuela to compensate Rusoro in the amount of US$967.77 million, plus interest. With [...]
Trading symbol : RML VANCOUVER, Feb. 19, 2018 /CNW/ - Rusoro Mining Ltd. reports that further to its news release dated January 16, 2018, the US$7M in financing is being provided in return for a portion of any settlement the Company may receive from its arbitration award against the Venezuelan government. The loan and associated fee shall only become payable upon a final settlement of the arbitration claim. "Andre [...]
Rusoro Mining announces that it has granted an aggregate of 4,725,000 stock options under the Company's stock option plan to insiders, employees and consultants of the Company with an exercise price of $0.08 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 its [...]
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