Rusoro Mining Ltd.
Rusoro Mining Ltd.

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Rusoro Mining News


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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 judgme...
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...
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...
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. ...
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...
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 ...
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...
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...
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...
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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