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Rusoro Granted Default Judgement for US $100 million by Supreme Court of the State of New York
Rusoro Granted Default Judgement for US $100 million by Supreme Court of the State of New...
About this update from Rusoro Mining Ltd.
[{"type":"text","content":"\n \n \n \n Rusoro Granted Default Judgement for US $100 million by Supreme Court of the State of New York\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Trading symbol (TSX-V):  RML\n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 6, 2021\n \n /CNW/ -\n \n Rusoro Mining Ltd. (the \"Company\" or \"Rusoro\")\n \n is pleased to announce that on\n \n September 24, 2021\n \n , the Supreme Court of the\n \n State of New York\n \n granted Rusoro's motion to enter a default judgment for\n \n US$100 million\n \n plus interest in favor of Rusoro against the Bolivarian Republic of\n \n Venezuela\n \n (\"Venezuela\") for breach of a Settlement Agreement dated\n \n October 5, 2018\n \n (with further interest at the statutory rate of 9% per annum from the date of judgment to the date of payment). Rusoro will take the necessary steps to enter the order as a judgment, serve it on\n \n Venezuela\n \n , and vigorously pursue its payment or enforcement as partial payment for the unlawful expropriation of its investments in\n \n Venezuela\n \n .\n \n \n ON BEHALF OF THE BOARD\n \n \n \n \"Andre Agapov\"\n \n \n \n \n Andre Agapov\n \n , President & CEO\n \n \n \n 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.\n \n \n \n \n \n Forward-looking statements:\n \n \n \n \n \n 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 timing and results of an appeal with the French Supreme Court, timing and amount of settlement payments, 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 e...