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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

Rusoro Mining Ltd. is a Canada-based company. The Company is engaged in the acquisition, exploration, development, and operation of gold mineral properties.


TSXV:RML - Post by User

Bullboard Posts
Post by zukuenftigeron Apr 01, 2019 6:20pm
178 Views
Post# 29566535

Funding

FundingRusoro Mining Executes Addendum to Funding Agreement VANCOUVER, April 1, 2019 Trading symbol (TSX-V): RML /CNW/ - 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 Company's press release on January 30, 2019. The Company closed a funding agreement for US$7M announced in January 2018, of which approximately US$5M remains unspent, which is intended for use to enforce the arbitration award as a result of Venezuela's unlawful expropriation. This addendum confirms the Company will continue to receive the remainder of this funding for their legal costs and general operations, as they intend to vigorously pursue all available remedies. ON BEHALF OF THE BOARD "Andre Agapov"
Bullboard Posts