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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