Trading symbol (TSX-V): RML
VANCOUVER, Sept. 7, 2017 /CNW/ - Rusoro Mining Ltd. (the
"Company" or "Rusoro") announces that it has engaged King
& Spalding LLP, a leading U.S.-based law firm recognized for
its expertise in the enforcement of international arbitration
awards and experience resolving large international disputes, to
lead the Company's effort to enforce its US$1.2 billion award issued on August 22, 2016 by the Arbitration Tribunal
operating under the Additional Facility Rules of the World Bank's
International Centre for the Settlement of Investment Disputes in
the arbitration brought by Rusoro against the Bolivarian Republic
of Venezuela. Rusoro also
announces that it has engaged a leading international
investigations firm to identify Venezuelan government assets that
may be seized in aid of the award, which Venezuela has refused to pay voluntarily.
Andre Agapov, CEO of Rusoro,
stated "we are still very much committed to a mutually beneficial
resolution of this matter but, our Standstill with Venezuela has expired and we can no longer
wait for an acceptable offer."
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President &
CEO
Forward-looking statements:
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.