Rusoro Mining Ltd.
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Rusoro Mining News


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March 21, 2013
Rusoro Mining Ltd. Submits US$ 3.03 Billion Arbitration Claim Against Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (TSXV:RML) announced today it has filed the Statement of Claim in its arbitration against the Bolivarian Republic of Venezuela before the World Bank's International Centre for Settlement of Investment Disputes ("ICSID"), in accordance with the provisions of the Canada-Venezuela Bilateral Investment Treaty ("BIT"). Rusoro's claims allege violations by Venezuela of several guarantees of the Canada-Venezuela BIT, including by expropriating its investments ...
October 17, 2012
Rusoro Completes Gold Reserve Settlement

Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro"). Further to the Company's news release of September 20, 2012 announcing the settlement of all legal proceedings involving Gold Reserve Inc. ("Gold Reserve"), the Company announced today that an order has been obtained from the Ontario Superior Court of Justice dismissing the legal action brought by Gold Reserve against Rusoro, and the counterclaim brought by Rusoro against Gold Reserve. Rusoro has paid Gold Reserve $250,...
September 20, 2012
Rusoro Settles Litigation With Gold Reserve

Vancouver, Canada - Rusoro Mining Ltd. (the "Company") The Company announced today that it has settled all legal proceedings involving Gold Reserve Inc. ("Gold Reserve"). Under the settlement, an order will be obtained from the Ontario Superior Court of Justice dismissing the legal action brought by Gold Reserve against Rusoro, and the counterclaim brought by Rusoro against Gold Reserve. Rusoro has agreed to pay Gold Reserve $250,000, issue Gold Reserve 2,500,000 common shares at a dee...
July 17, 2012
Rusoro Files International Arbitration Against the Venezuelan Government

Rusoro Mining Ltd. ("Rusoro" or "the Company") announced today that it has filed a Request for Arbitration before the Additional Facility of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against the Bolivarian Republic of Venezuela ("Venezuela") pursuant to the Agreement between the Government of Canada and the Government of the Republic of Venezuela for the Promotion and Protection of Investments (the "Treaty"). The arbitration has been commenced follo...
June 15, 2012
Rusoro Reports Closing of Arbitration Costs Financing

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") Rusoro is pleased to announce that on June 15, 2012 it entered into a litigation funding agreement with a subsidiary (the "Funder"), of the Calunius Litigation Risk Fund LP (the "Fund"). Calunius Capital LLP is the exclusive investment advisor to the Fund which specializes in funding commercial litigation and arbitration claims. Calunius Capital LLP is authorized and regulated by the Financial Services Authority of the United...
April 30, 2012
Rusoro Reports 2011 Financial Results and Provides Update on the Nationalization of its Mining Assets

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") Rusoro reports its financial results for the year ended December 31, 2011 and provides update on the Nationalization of its Mining Assets. The Company's audited consolidated financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2011 have been filed on SEDAR ( www.sedar.com ). All amounts set out in th...
March 14, 2012
Expiration of Negotiation Period with Venezuelan Government for Nationalization

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") reports the following: The extended deadline of the period fixed by the Nationalization Decree No. 8413 to negotiate the compensation due to Rusoro and the terms of the migration of Rusoro's mining assets to a Mixed Enterprise to be controlled by the Venezuelan Government will expire as of the end of day to...
February 27, 2012
Positive Feasibility Study on Expansion of Choco Mine to 20,000 Tonnes per Day Completed

VANCOUVER, B.C. -- Andre Agapov, President and CEO of Rusoro Mining Ltd ("Rusoro" the "Company") is pleased to provide details on the recently completed positive feasibility study (the "Study") on the expansion of the Choco Mine to 20,000 tonnes per day. The Study was conducted by Micon International Limited ("Micon") in association with Ausenco and Knight Piésold, ...
January 27, 2012
Rusoro Grants Incentive Stock Options

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") Rusoro has granted incentive options under its Stock Option Plan to certain directors, officers and employees for the purchase of a total of 11,000,000 shares in the capital of the Company. The options are exercisable on or before January 26, 2017 at a price of (CAD) $0.14 per share, being the closing pri...
December 21, 2011
Venezuelan Government Extends 90-day Negotiation Period

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or "the Company") reports the following: The 90-day period fixed by the Nationalization Decree No. 8413 to negotiate the compensation due to Rusoro and the terms of the migration of Rusoro's mining assets to a Mixed Enterprise to be controlled by the Venezuelan Government and which expired on December 15, 2011 has been exte...
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