Business
Rusoro Mining Ltd. Announces Equity Financing
/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUV...
About this update from Rusoro Mining Ltd.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN\nTHE UNITED STATES/\n\n\nVANCOUVER, Feb. 23 /CNW/ - Rusoro Mining Ltd. (TSXV:RML) ("Rusoro" or the\n"Company") announces that it has filed and obtained a receipt for a\npreliminary short form prospectus with the securities regulatory authorities\nin each of the provinces of British Columbia, Alberta and Ontario in\nconnection with a proposed overnight marketed public offering of common shares\nin the Company ("Common Shares") (the "Offering"). Canaccord Capital Corp.\n("Canaccord") has been engaged as sole underwriter in respect of the Offering.\nThe Company has granted Canaccord an over-allotment option to purchase up to\nthat number of additional Common Shares equal to 15% of the Common Shares sold\npursuant to the Offering, exercisable at any time up to 30 days from the\nclosing of the Offering.\n\n\nThe Offering will be priced in the context of the market with final terms\nof the offering to be determined at the time of pricing. The Company intends\nto use the net proceeds from the Offering for capital expenditures on its\nVenezuelan gold properties and for general corporate purposes.\n\n\nThe Offering is scheduled to close on or about March 12, 2009 and is\nsubject to certain conditions including, but not limited to, the receipt of\nall necessary approvals including the approval of the TSX Venture Exchange and\nthe securities regulatory authorities.\n\n\nThis press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy nor shall there be any sale of the securities\nin any state of the United States in which such offer, solicitation or sale\nwould be unlawful. The securities have not been registered under the U.S.\nSecurities Act of 1933, as amended, and may not be offered or sold in the\nUnited States absent registration or an applicable exemption from the\nregistration requirements.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy and accuracy of the content of this news\nrelease.\n\n\nCautionary Note Regarding Forward-Looking Statements\n\n\nExcept for the statements of historical fact contained herein, the\ninformation presented constitutes "forward looking statements". Such\nforward-looking statements, ...