Business
Rusoro Mining Ltd. Announces Terms of C$100,200,000.00 Equity Financing
/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO...
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\nTORONTO, Feb. 24 /CNW/ - Rusoro Mining Ltd. (TSXV:RML) ("Rusoro" or the\n"Company") announces that in connection with its previously announced\novernight marketed public offering on February 23, 2009 (the "Offering"), it\nhas entered into an underwriting agreement with Canaccord Capital Corp.\n("Canaccord") to act as sole underwriter and sell 167,000,000 common shares in\nthe Company at a price of C$0.60 per share ("Common Shares") to raise gross\nproceeds of C$100,200,000.00 pursuant to a short form prospectus. In addition,\nthe Company has granted Canaccord an option to purchase up to that number of\nCommon Shares equal to 15% of the Common Shares sold pursuant to the Offering,\nexercisable at any time up to 30 days from the closing of the Offering.\n\n\nThe Company intends to use the net proceeds from the Offering for capital\nexpenditures on its Venezuelan gold properties and for general corporate\npurposes.\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\nWebsite: www.rusoro.com This press release shall not constitute an offer\nto sell or the solicitation of an offer to buy nor shall there be any sale of\nthe securities in any state in the United States in which such offer,\nsolicitation or sale would be unlawful. The securities have not been\nregistered under the U.S. Securities Act of 1933, as amended, and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration 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, including but not limited to those with respect to\nthe closing of the offering, involve known and unknown risks, uncertainties\nan...