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Friday, February 3, 2017

Rusoro Announces Promissory Note Financing Of U.S. $5,500,000, Closing Of Transfer Of Existing Debt

Rusoro Mining Ltd. (the "Company" or "Rusoro")  announces that it has raised an aggregate of U.S. $5,500,000 (the "Subscription Amount") through the issuance of non-interest bearing promissory notes. The notes will become due and payable as to three times the Subscription Amount on the date that is ninety (90) days from the date that Rusoro receives its first payment from the Bolivarian Republic of Venezuela in respect of the award (the "Award") issued on August 22, 2016 by the Arbitration Tribunal operating under the Additional Facility Rules of the World Bank's International Centre for the Settlement of Investment Disputes in the arbitration brought by Rusoro against the Bolivarian Republic of Venezuela.  More…

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