Rusoro Purchases Part of Outstanding Senior Secured Exchangeable Loan
18 Novembre 2009 - 2:06AM
Marketwired
Rusoro Mining Ltd. (TSX VENTURE: RML) announces that it has
purchased the principal amount of U.S.$20,000,000 dollars of the
outstanding U.S.$80,000,000 senior secured exchangeable loan which
was issued by a wholly owned Rusoro subsidiary to a syndicate of
lenders led by Petropavlovsk PLC (formerly Peter Hambro Mining
PLC). Rusoro is a guarantor of the loan. The purchase price paid
was U.S.17,000,000 for the principal amount of the loan and
U.S.$724,591 for accrued interest to the date of closing for a
total of $17,724,591.
ON BEHALF OF THE BOARD OF RUSORO MINING LTD.
George Salamis, President
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein,
the information presented constitutes "forward looking statements".
Such forward-looking statements, including but not limited to those
with respect to the closing of the offering, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Rusoro to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among other risks, risks related
to the closing of the offering, as well as those factors discussed
in the section entitled "Risk Factors" in Rusoro's Annual
Information Form dated December 12, 2008 as filed on SEDAR.
Although Rusoro has attempted to identify important factors that
could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
press release, which has been prepared by management.
Contacts: Rusoro Mining Limited George Salamis President
604-632-4044 or Toll Free: 1-800-668-0091 604-682-1514 (FAX)
info@rusoro.com www.rusoro.com
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