Trading symbol (TSX-V): RML
VANCOUVER, Feb. 19, 2018 /CNW/ - Rusoro Mining Ltd. (the "Company" or "Rusoro") reports that further to its news release dated January 16, 2018, the US$7M in financing is being provided in return for a portion of any settlement the Company may receive from its arbitration award against the Venezuelan government. The loan and associated fee shall only become payable upon a final settlement of the arbitration claim.
ON BEHALF OF THE BOARD
Andre Agapov, President & CEO
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 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.
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.
SOURCE Rusoro Mining Ltd.
For further information: Suite 3123 - 595 Burrard Street, Vancouver, BC V7X 1J1, Tel: 604-609-6110, Fax: 604-609-6145, Website: www.rusoro.com