Rusoro Mining Ltd.: Paris Court of Appeals Decision on Award
Rusoro intends to vigorously pursue all available remedies to reinstate the Award's finding on damages in full or otherwise obtain fair compensation for the unlawful expropriation of its investments in Venezuela, including the appeal of the French Court Decision before the French Supreme Court and (if necessary) the resubmission of the case to arbitration to re-determine the amount of damages owed to Rusoro.
Rusoro confirms that the French Court Decision does not impact Venezuela's obligation to pay Rusoro at least US$100 million as partial payment for the expropriated investments under the Agreement executed between them in October 2018.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO
Neither the 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.
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 timing and results of an appeal with the French Supreme Court, timing and amount of settlement payments, 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.
SOURCE Rusoro Mining Ltd.
Contact
Suite 3123 - 595 Burrard Street, Vancouver, BC V7X 1J1, Tel: 604-609-6110, Fax: 604-609-6145, Website: www.rusoro.com