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"
Andre
Agapov, President & CEO
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 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.
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.
SOURCE Rusoro Mining Ltd.
