/NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, BC, Nov. 2, 2023
/CNW/ - Rusoro Mining Ltd. (TSXV: RML) (the
"Company" or "Rusoro") is pleased to announce a
non-brokered private placement (the "Financing") of up to
2,500,000 common shares at a price of $0.40 per common share for proceeds of up to
$1,000,000.
The Company intends to use the proceeds from the Financing for
legal fees to continue supporting the efforts to collect on the
Company's arbitration award and for general working capital.
All securities issued under the Financing are subject to TSX
Venture Exchange approval will be subject to a four month and one
day hold period after the date of closing.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
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 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.sedarplus.ca. 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.
