Rusoro Mining Ltd. announces that the Delaware Court of Chancery, following a hearing earlier today, denied Gold Reserve's request for expedited treatment of its motion for a preliminary injunction. Specifically, Vice Chancellor Lori Will found that Gold Reserve had failed to make an adequate showing that the continuation of the sale process before the federal court in Delaware poses a risk of irreparable injury to Gold [...]
Rusoro Mining Ltd. announces it has closed a financing of unsecured, non-interest-bearing promissory notes . In consideration for the notes, the subscribers paid the Company an aggregate of US$1,700,000. The Notes do not have any fixed maturity date. The principal amount payable to the subscribers under the Notes is US$5,100,000 if paid on or before July 31, 2028, and US$6,800,000 if paid after July 31, 2028. The [...]
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 30,000,000 common shares in the capital of the Company at an exercise price of $0.92 in accordance with its 10% rolling Incentive Stock Option Plan. All Options are fully vested as at the date of grant and exercisable [...]
Rusoro Mining Ltd. is providing this bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders with respect to the previously announced Management Cease Trade Order issued by the British Columbia Securities Commission, as principal regulator, on May 1, 2025. On April 30, 2025, the Company announced that it was unable to file its annual audited financial statements for the [...]
Rusoro Mining Ltd. announces that it has experienced a delay in filing its financial statements for the year ended December 31, 2024, and the related management's discussion and analysis, and CEO and CFO certifications , which are required to be filed on or before April 30, 2025. In connection with the anticipated delay, the Company has applied to, and received from, the applicable Canadian securities regulators, a [...]
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 [...]
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