VANCOUVER, BC, June 7, 2023
/CNW/ - Rusoro Mining Ltd. (TSXV: RML) (the
"Company" or "Rusoro") Further to the Company's
news release of April 4, 2023
announcing the closing of a non-brokered private placement of
unsecured, non-interest bearing, promissory notes (the
"Notes") for an aggregate consideration of
US$2,055,000, the Company has issued
an additional 3,132,500 non-transferable share purchase warrants
(the "Warrants") to the Note subscribers entitling them to
purchase an aggregate of 3,132,500 common shares at a price of
US$0.10 per common share on or before
April 4, 2028. If the Notes are
repaid at any time during the term of the Warrants, the expiry date
of the Warrants will be accelerated to a date that is thirty days
from the date of repayment. Common Shares acquired on exercise of
the Warrants will be subject to a four month hold period expiring
on October 8, 2023.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre
Agapov, President & CEO
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.
Forward-looking statements:
"This press release contains "forward-looking information"
and "forward-looking statements" within the meaning of applicable
securities laws. This information and statements address future
activities, events, plans, developments and projections. All
statements, other than statements of historical fact, constitute
forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently
identified by words such as "may," "will," "should," "anticipate,"
"plan," "expect," "believe," "estimate," "intend" and similar
terminology, and reflect assumptions, estimates, opinions and
analysis made by management of Rusoro in light of its experience,
current conditions, expectations of future developments and other
factors which it believes to be reasonable and relevant.
Forward-looking information and statements involve known and
unknown risks and uncertainties that may cause Rusoro's actual
results, performance and achievements to differ materially from
those expressed or implied by the forward-looking information and
statements and accordingly, undue reliance should not be placed
thereon.
Risks and uncertainties that may cause actual results to vary
include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with
applicable laws and regulations, including environmental laws and
obtaining requisite permits; political, economic and other risks;
as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and
Analysis and in other filings made by us with Canadian securities
regulatory authorities and available at www.sedar.com. Rusoro
disclaims any obligation to update or revise any forward-looking
information or statements except as may be required."
SOURCE Rusoro Mining Ltd.