/NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, BC, Aug. 29,
2022 /CNW/ - Rusoro Mining Ltd. (TSXV: RML)
(the "Company" or "Rusoro") is pleased to
announce a non-brokered private placement (the "Financing")
of up to 20,000,000 units (each, a "Financing Unit") at a
price of $0.0625 per Financing Unit
for gross proceeds of up to $1,250,000. Each Financing Unit will consist of
one common share of the Company, and one common share purchase
warrant (a "Warrant"), with each Warrant entitling the
holder to acquire one additional share at a price of $0.10 for a period of five (5) years. There will
be one placee associated with the financing, Anthony Beruschi.
The Company is also pleased to announce that Mr. Anthony Beruschi, B.Sc., LLB has agreed to
become a director of the Company effective immediately.
A senior securities, mining and corporate lawyer, Mr. Beruschi's
Venezuela experience began before
the world famous Kilometre 88 gold rush of the 1990's where his
leadership as legal counsel and the director working with
Venezuelan owners of resource property interests, local banking
groups and financiers on behalf of a Canadian mineral resource
company were instrumental in that company's Kilometer 88
acquisition successes. A member of the Law Society of British Columbia, his includes complex
litigation resulting from Canadian and international expropriation
of mineral property interests and rights. Mr. Beruschi brings over
35 years of international project management, investing and dispute
resolution experience as a lawyer, corporate director, officer,
manager and venture capitalist for Canadian based resource
companies to the Company. Mr. Beruschi has been a long term
investor in the Company.
Mr. Beruschi will be replacing Abraham
Stein, who resigned from the Board of Directors effective
August 29th, 2022. The
Company would like to thank Mr. Stein for his service and wishes
him well in his future endeavours.
The securities issued in connection with the Financing are
subject to regulatory approval.
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 Mining Ltd. 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 Klondike'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
Mining Ltd. disclaims any obligation to update or revise any
forward-looking information or statements except as may be
required."
SOURCE Rusoro Mining Ltd.
