Rusoro Mining Ltd. notes that a wholly owned subsidiary of Gold Reserve Ltd. , Dalinar Energy Corporation , previously announced submission of a credit bid to purchase 100% of the common shares of PDV Holding, Inc. , the indirect parent company of CITGO Petroleum Corp. Rusoro further notes that Dalinar Energy announced that its bid was not recommended by the Special Master under the U.S. District Court for the District of [...]
Rusoro Mining Ltd. , announces that the Company will be relying on, and has satisfied all of the conditions to rely on, CSA Coordinated Blanket Order 51-931 for exemption from the requirements to send proxy-related materials for its upcoming annual and general special meeting to be held on Tuesday December 17, 2024, at Suite 3123 - 595 Burrard Street, Vancouver, BC, V7X 1J1 at 10:00 a.m. due to the current delays and [...]
Rusoro Mining Ltd. , is pleased to announce it has retained Rothschild & Co as its financial advisor and Kirkland & Ellis LLP, along with existing counsel DLA Piper LLP, as its legal counsel to assist the Company in the maximization of the value of its U.S. Judgement in the PDVSA sale process or otherwise. Muse, Stancil & Co. and S&P Global Inc. have also been engaged for due diligence on CITGO. ABOUT [...]
Silver Point Capital, L.P. announces that, on February 13, 2024, three of its affiliates, Silver Point Distressed Opportunity Institutional Partners II Master Fund , L.P. , Silver Point Distressed Opportunity Institutional Partners II, L.P. and Silver Point Luxembourg Platform S.à r.l. , acquired through the TSX Venture Exchange, in aggregate, 16,535,800 common shares of Rusoro Mining Ltd. , at C$0.94 per Acquired Share [...]
Rusoro Mining Ltd. is pleased to advise that it has submitted a Non-Binding Indication of Interest pursuant to the CITGO Bidding Procedures attached as Exhibit 1 to Exhibit A of the joint status report filed as of October 4, 2022 with the United States District Court for the District of Delaware in Crystallex International Corp. v. Bolivarian Republic of Venezuela, D. Del. C.A. No. 1:17-mc-00151-LPS. The Non-Binding [...]
Silver Point Capital, L.P. is pleased to announce that on January 9, 2024, two of its affiliates, DOIP II Luxembourg Strategies S.à r.l. and SPCP Luxembourg Strategies S.à r.l. , entered into an agreement with Fulcrum Global Markets LLC to acquire, in aggregate, 111,920,836 common shares of Rusoro Mining Ltd. , at USD$0.473122476 per Rusoro Share for a total of USD$52,952,263.05 . Pursuant to the agreement, DOIP will [...]
Rusoro Mining Ltd. announces that last year, the U.S. Court of Appeals for the Third Circuit ruled that various parties holding judgments against the Republic of Venezuela, including Rusoro Mining Ltd., were entitled to enforce their judgments against property owned by Petroleos de Venezuela , the Venezuelan state-owned oil conglomerate, on the grounds that PDVSA was the corporate alter-ego of the Venezuelan state. On [...]
Rusoro Mining Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate proceeds of $1,000,000 through the issuance of 2,500,000 common shares at a price of $0.40 per common share . The Company intends to use the proceeds from the Financing for legal fees to continue supporting the efforts to collect on the Company's arbitration award and for general working [...]
Rusoro Mining Ltd. is pleased to announce a non-brokered private placement of up to 2,500,000 common shares at a price of $0.40 per common share for proceeds of up to $1,000,000. The Company intends to use the proceeds from the Financing for legal fees to continue supporting the efforts to collect on the Company's arbitration award and for general working capital. All securities issued under the Financing are subject to [...]
Rusoro Mining Ltd. is pleased to announce that on August 14, 2023, the Company submitted to the United States District Court for the District of Delaware a statement setting forth the current value and certain other information concerning the Federal Court judgement issued on March 2, 2018 by the United States District Court for the District of Columbia in favor of Rusoro and against the Bolivarian Republic of Venezuela [...]
Rusoro Mining Ltd. is pleased to announce that it has achieved a significant appellate victory in proceedings to enforce an arbitration award it obtained against the Republic of Venezuela arising out of Venezuela's expropriation of Rusoro's gold mining assets, which as of today, with interest, totals over US$1.4 billion. The U.S. Court of Appeals for the Third Circuit, which is based in Philadelphia, affirmed that [...]
Rusoro Mining Ltd. is pleased to announce that, subject to regulatory approval, it has granted incentive stock options to certain directors, officers and consultants of the Company to acquire an aggregate of 8,550,000 common shares in the capital of the Company at an exercise price of $0.225 in accordance with its 10% rolling Incentive Stock Option Plan. All Options are fully vested as at the date of grant and exercisable [...]
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