Business
Rusoro Mining Ltd. Closes 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, March 19 /CNW/ - Rusoro Mining Ltd. (TSXV:RML) ("Rusoro" or\nthe "Company") announces that it has closed its previously announced overnight\nmarketed public offering in which Canaccord Capital Corporation acted as lead\nunderwriter to a syndicate including GMP Securities L.P. (the "Underwriters").\n\n\nAt the discretion of the Company and the Underwriters, the gross proceeds\nof the financing have been reduced from the amount previously stated in the\nProspectus, to a total of $80,000,400 through the offering of 133,334,000\ncommon shares at a price of C$0.60 per share (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\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 of 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\nand other factors which may cause the actual results, performance or\nachievements of Rusoro to be materially different from any future results,\nperformance or achievements expressed or implied by such forward-looking\nstatements. Such factors include, among other risks, risks related to the\nclosing of the offering, as well as those factors discussed in the section\nentitled " Risk Factors" in Rusoro's Annual Information For...