Trading symbol: TSXV:RML
Trading symbol: TSXV:MEA
VANCOUVER, March 5 /CNW/ - Rusoro Mining Ltd. ("Rusoro") and Mena
Resources Inc. ("Mena") are pleased to announce that Rusoro's acquisition of
all of the issued and outstanding securities of Mena has now closed and, all
release conditions having been satifisifed and the Subscription Receipts
exercised, the net proceeds of $67,750,810 plus accrued interest from Mena's
private placement of Subscription Receipts have been released from escrow and
paid to Mena. As consideration for the acquisition of all of the common shares
of Mena, Rusoro has issued 31,424,255 common shares. Rusoro now has
142,855,106 common shares issued and outstanding. Mena is now a wholly-owned
subsidiary of Rusoro and Mena's shares will be de-listed from the TSX Venture
Exchange at the close of trading on March 6, 2007.
ON BEHALF OF THE BOARD OF ON BEHALF OF THE BOARD OF
SOURCES INC. RUSORO MINING LTD.
"Simon Ridgway" "Mario Szotlender"
Simon Ridgway Mario Szotlender
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Ross Gatensbury, Tel: (604) 682-1545, Fax:
(604) 682-1514, Toll Free: 1-800-668-0091, Email: firstname.lastname@example.org, Website:
www.rusoro.com, Email: email@example.com, Website: www.menaresources.com