Trading symbol (TSX-V): RML
VANCOUVER, BC, Oct. 6, 2021 /CNW/ - Rusoro Mining Ltd.
(the "Company" or "Rusoro") is pleased to announce that on
September 24, 2021, the Supreme Court
of the State of New York granted
Rusoro's motion to enter a default judgment for US$100 million plus interest in favor of Rusoro
against the Bolivarian Republic of Venezuela ("Venezuela") for breach of a
Settlement Agreement dated October 5,
2018 (with further interest at the statutory rate of 9% per
annum from the date of judgment to the date of payment). Rusoro
will take the necessary steps to enter the order as a judgment,
serve it on Venezuela, and
vigorously pursue its payment or enforcement as partial payment for
the unlawful expropriation of its investments in Venezuela.
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.
