Rusoro Mining Ltd. announces that, in a decision dated 29 January 2019, the Paris Court of Appeals partially annulled the arbitral award issued in favour of the Company in August 2016 by a tribunal constituted pursuant to the Canada-Venezuela bilateral investment treaty and the rules of the Additional Facility of the International Centre for [...]
Rusoro Mining Ltd. would like to provide an update on the status of the initial US$100 million payment from the Bolivarian Republic of 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 [...]
Rusoro Mining Ltd. announces that it has executed a settlement agreement with the Bolivarian Republic of 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 issued in favor of the Company in August 2016 by a tribunal constituted pursuant to the [...]
Rusoro Mining Ltd. announces that it has agreed on the terms of a settlement proposal with the Bolivarian Republic of 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 issued in favor of the Company in August 2016 by a tribunal constituted pursuant [...]
Rusoro Mining Ltd. 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 [...]
Trading symbol : RML VANCOUVER, May 8, 2018 /CNW/ - Rusoro Mining Ltd. 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 by courts in the U.S. and Canada following Venezuela's expropriation of Rusoro's gold [...]
Trading symbol : RML VANCOUVER, March 14, 2018 /CNW/ - 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. , a Canadian Mining Corp.. The arbitral tribunal ordered Venezuela to [...]
Trading symbol : RML VANCOUVER, Feb. 19, 2018 /CNW/ - Rusoro Mining Ltd. 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 [...]
Rusoro Mining announces that it has granted an aggregate of 4,725,000 stock options under the Company's stock option plan to insiders, employees and consultants of the Company with an exercise price of $0.08 per stock option, exercisable for a period of ten years from the date of grant, subject to approval of the TSX Venture Exchange. "Andre [...]
Trading symbol : RML VANCOUVER, Jan. 16, 2018 /CNW/ - Rusoro Mining Ltd. is pleased to announce that it has closed on a Funding Agreement that provides the Company with additional litigation funding of up to USD $7M. The Company intends to use the funds in its continuing efforts to enforce the USD $1.3 billion arbitration award it was awarded as a [...]
Trading symbol : RML VANCOUVER, Dec. 6, 2017 /CNW/ - Rusoro Mining Ltd. announces today that it has obtained a judgment against the Republic of Venezuela in the Superior Court of Justice in Ontario, Canada, in excess of US$1.3 billion. The judgment, which was issued on default as a result of Venezuela's failure to appear before the Ontario court [...]
Trading symbol (TSX-V): RML VANCOUVER, Sept. 7, 2017 /CNW/ - Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has engaged King & Spalding LLP, a leading U.S.-based law firm recognized for its expertise in the enforcement of international arbitration awards and experience resolving large international disputes, to lead the Company's [...]
