In­vestors have high hopes for pay­out from Maduro regime

Ru­soro gets $1.28B (U.S.) Venezue­lan set­tle­ment of­fer

Stockwatch Daily - - FRONT PAGE - Mr. Gor­don Keep re­ports

RU­SORO MIN­ING Ltd. has agreed on the terms of a set­tle­ment pro­posal with the Bo­li­var­ian Repub­lic of Venezuela by which Venezuela agrees to pay Ru­soro over $1.28-bil­lion (U.S.) to ac­quire the com­pany’s min­ing data and for full re­lease of the ar­bi­tral award is­sued in favour of the com­pany in Au­gust, 2016, by a tri­bunal con­sti­tuted pur­suant to the ad­di­tional fa­cil­ity of the In­ter­na­tional Cen­tre for Set­tle­ment of In­vest­ment Dis­putes. In ad­di­tion, it is

con­tem­plated that the par­ties will con­sti­tute a mixed com­mis­sion to as­sess the cur­rent sta­tus of Ru­soro’s Choco 10 and San Rafael-El Placer former projects and on the ba­sis of such as­sess­ments may by the end of Jan­uary, 2019, part­ner to ex­ploit those projects. Ru­soro ex­pects to sign the for­mal set­tle­ment agree­ment shortly af­ter com­ple­tion of the sched­ules to the set­tle­ment agree­ment. “We are very pleased that we have agreed on terms of a set­tle­ment with Venezuela,” com­mented Vladimir Agapov, chair­man of Ru­soro. “We look for­ward to the ex­e­cu­tion of the set­tle­ment agree­ment and to­wards our con­tin­ued re­la­tion­ship with Venezuela in assess­ing two of Ru­soro’s former gold projects re­gard­ing a po­ten­tial part­ner­ship to restart pro­duc­tion of the Choco 10 and San Rafael-El Placer mines.”

We seek Safe Har­bor.

An­dre Vladimir Agapov, Vladimir Pavlovich Agapov, Peter Hedi­ger, Jay M Kaplowitz, Gor­don Bruce Keep, Abra­ham Stein, Dmitry Ushakov

(RML) Shares: 544,770,623

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