News Releases
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Rusoro Mining News
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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
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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... |
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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... |
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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... |
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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 ... |
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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... |
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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. ... |
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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 |
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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... |
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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. ... |
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