Rusoro Purchases Part of Outstanding Senior Secured Exchangeable Loan

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.

Rusoro Mining (TSXV:RML)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024