Bullboard - Stock Discussion Forum Rusoro Mining Ltd V.RML

Alternate Symbol(s): RMLFF

Metals & Mining Gold

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces.... see more

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TSXV:RML - Post Discussion

Rusoro Mining Ltd > Special Master update January 19

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Post by slappyjo on Jan 19, 2024 7:36pm

Special Master update January 19

See below for the two documents submitted by the Special Master. It's interesting that he makes it very clear that his updated list of Creditors is shown by date, as was mandated by the court, but he also points out that the court will make the final determination.

This is particulary interesting because the big Conoco case reached Step Five on December 14 and is near the bottom. Hopefully they keep this order.

Here's a snippet of his words:

Notwithstanding my recommendation included in this letter, I note the Steps Chart continues to be an organization of each party’s asserted claim amount and the date(s) on which such party claims to have completed the applicable step(s) prescribed by the Court in the July 27 Order. Until the entry by the Court of the Priority Order and the subsequent orders contemplated by the priority arrangement procedures, the relative priority of Attached Judgments is not final.

Special Master update

Updated Steps List

352