Mr. Andre Agapov reports
RUSORO ANNOUNCES $1,000,000 PRIVATE PLACEMENT
Rusoro Mining Ltd. has arranged a non-brokered private placement of up to 2.5 million common shares at a price of 40 cents per common share for proceeds of up to $1-million.
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.
We seek Safe Harbor.
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