| ||Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") has agreed to issue warrants to an arm's length third party entitling it to purchase up to 12,354,915 common shares at a price of $0.40 per share on or before November 10, 2011. The warrants are being issued as a bonus for funds advanced to Rusoro against the future delivery of gold. The issuance of the warrants is subject to acceptance for filing by the TSX Venture Exchange. |
ON BEHALF OF THE BOARD
Andre Agapov, President & CEO
Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
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