Rusoro Mining Ltd.
Rusoro Mining Ltd.

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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News


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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 ...
October 11, 2018
Rusoro Mining has Received a Settlement Proposal from the Bolivarian Republic of Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has agreed on the terms of a settlement proposal ("Settlement Proposal") with the Bolivarian Republic of Venezuela ("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 (the "Award") issued in favor of the Company in August 2016 by a tribunal constituted pursuant to the Additional Facility of the Interna...
June 27, 2018
Rusoro Grants Stock Options

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro")   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. ...
May 08, 2018
Rusoro Mining Files New Proceedings to Enforce US$1.34 Billion Award Against Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") 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
March 14, 2018
Rusoro Mining Wins Key U.S. Court Ruling Confirming Arbitration Award

Vancouver, Canada -- 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. ("Rusoro") , a Canadian mining corporation. The arbitral tribunal ordered Venezuela to compensate Rusoro in the amount of US$967.77 million, plus interest. With interest, the total amount due today is in excess of US$1.3 billion. Venezuela has r...
February 19, 2018
Rusoro Mining Clarifies Terms of Funding Agreement

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") 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. ...
January 29, 2018
Rusoro Grants Stock Options

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") 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. ON BEHALF OF THE BOARD "Andre Agapov" Andre Agapov, President & CEO ...
January 16, 2018
Rusoro Mining Completes Funding Agreement and Ramps Up Enforcement and Collection Efforts

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") is pleased to announce that it has closed on a Funding Agreement that provides the Company with additional litigation funding of up to USD $7M. The Company intends to use the funds in its continuing efforts to enforce the USD $1.3 billion arbitration award it was awarded as a result of Venezuela's unlawful expropriation of its mining operations in that country. Venezuela has steadfastly refused to pay the arbitration awa...
September 07, 2017
Rusoro Retains Enforcement Specialists

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has engaged King & Spalding LLP, a leading U.S.-based law firm recognized for its expertise in the enforcement of international arbitration awards and experience resolving large international disputes, to lead the Company's effort to enforce its US$1.2 billion award issued on August 22, 2016 by the Arbitration Tribunal operating under the Additional Facility Rules of the World Bank's International Centr...
February 03, 2017
Rusoro Announces Promissory Note Financing Of U.S. $5,500,000, Closing Of Transfer Of Existing Debt And Appointment Of New CFO

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has raised an aggregate of U.S. $5,500,000 (the " Subscription Amount ") through the issuance of non-interest bearing promissory notes. The notes will become due and payable as to three times the Subscription Amount on the date that is ninety (90) days from the date that Rusoro receives its first payment from the Bolivarian Republic of Venezuela in respect of the award (the " Award ") issued on...
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