Trading symbol (TSX-V): RML
VANCOUVER,
Sept. 6, 2013 /CNW/ - Rusoro
Mining Ltd. (the "Company" or "Rusoro") (TSXV: RML). Further to
its news release dated August 19,
2013, the Company announces that the British Columbia
Securities Commission, the Ontario Securities Commission and the
Autorité des Marchés Financiers have granted full revocations of
the cease trade orders issued by each of them against the
Company. Rusoro has been advised by the TSX Venture Exchange
("Exchange") that its shares are expected to be reinstated for
trading on the Exchange on Monday, September
9, 2013.
The Company also announces that Mr. Jeremy Crichton has been appointed as CFO and
that the Hon. John D. Reynolds P.C.
has resigned as a director. The Company wishes to thank Mr.
Reynolds for his contribution to the Company.
The Company has adopted a fixed stock option
plan which authorizes the issuance of up to 53,250,000 stock
options and has granted options to purchase 10,700,000 common
shares to directors, officers and consultants. Additionally,
the Company has repriced options to purchase 2,430,000 common
shares. The exercise price of the new options and the
repriced options will be determined based on the market price of
the Company's common shares on the Exchange upon resumption of
trading, subject to a minimum exercise price of $0.05 per share. All of the above is subject to
regulatory approval.
Additional information regarding the
nationalization of the Company's assets in Venezuela and the Company's ongoing litigation
involving the Government of Venezuela is available on SEDAR and on the
Company's website at www.rusoro.com.
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.