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Rusoro Mining Ltd. Appoints Chief Operating Officer and VP Corporate Development
April 28, 2009
Trading symbol (TSX-V): RML
Vancouver, Canada - Rusoro Mining Ltd. (the "Company") is pleased to announce the appointments of Mr. Roman Amosov to the position of Chief Operating Officer and Mr. Dmitry Ushakov to the position of VP Corporate Development, effective immediately. Mr. Amosov brings many years of technical and operational mining experience and Mr. Ushakov a strong evaluative and financial background, to the Company's executive management team.
Mr. Amosov is a Mining Engineer and graduate from the Moscow State Institute of Nonferrous Metals and Gold. He has extensive experience in mining project management in a number of regions in the world including Latin America and the Former Soviet Union, specifically in the areas of technical auditing of gold mine processing facilities, the organization and operation of underground gold mines and in the area of mill and mobile fleet maintenance. He also has significant experience in the preparation of environmental impact and feasibility studies from gold projects located in a number of different mining regions around the world.
Mr. Ushakov has a Masters Degree in Foreign Economic Relations from the Moscow Financial Institute. He is the Director General of Interros Holding Company, a major Russian private investment company which operates throughout
Russia
, Europe, Asia, and North America and who are significant shareholders of Norilsk Nickel and Polyus Gold. In the resource sector he has worked directly with both Norilsk and Polyus and was formerly the Chairman of the Board for Sidanco Oil. Mr. Ushakov will play a critical role in evaluating potential acquisitions and the associated financial and integration aspects that may be associated with any acquisitions that are contemplated. His strong business relationships and experience in Europe and the Former Soviet Union will be of significant benefit to the Company.
The Company's President, George Salamis, states, "I am very pleased to welcome Roman and Dmitry into Rusoro's executive management group. Their extensive operational and financial experience within the mining industry will be of considerable benefit to the Company as we continue to execute our aggressive growth strategy in Venezuela".
The Company also announces that it has granted incentive stock options under its stock options plan to directors, officers, employees and consultants of the Company for the purchase of up to 15,980,000 shares in the capital of the Company. The options are exercisable on or before April 23, 2019 at a price of $0.60 per share. Further, the Company announces that it has re-priced 3,610,000 outstanding options held by employees and consultants of the Company to a price of $0.60 per share.
ON BEHALF OF THE BOARD
"George Salamis"
George Salamis, President
CONTACT INFORMATION
Tel: 604-632-4044
Fax: 604-632-4045
Toll Free: 1-800-668-0091
Symbol: TSX-V:RML
Email:
info@rusoro.com
Website:
www.rusoro.com
or
Vanguard Shareholder Solutions
Tel: 604-608-0824
Toll Free: 1-866-591-0825
Forward-looking statements: 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 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 execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
"The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release."
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Rusoro Mining
PRODUCER
CODE : RML.V
ISIN : CA782227108
CUSIP : 782227 10 2
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In the News and Medias of Rusoro Mining
3/22/2013
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7/18/2012
Rusoro seeks arbitration against Venezuela nationalisation
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Mining Ltd. Appoints Chief Operating Officer and VP Corporat...
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9/4/2007
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6/30/2011
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Reports its 2008 Financial Results
8/29/2008
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Project news of Rusoro Mining
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(Incredible 6)
Receives Final permits for Gold Sales/Increible 6
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Rusoro Mining Initiates Major Engineering Studies
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12/19/2008
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(Choco 10 Mine)
Scoping/Feasibility Studies Awarded
1/23/2008
Choco 10 Production/Permitting Update
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UPDATED 43-101 ACCEPTED FOR FILING RUSORO DRILLS 21m of 8.44...
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Corporate news of Rusoro Mining
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RESPONDS TO INACCURATE VANCOUVER SUN ALLEGATIONS
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? Annual General Meeting Results
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(audio) Presents at the 2008 Denver Gold Forum
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advances in Venezuela says MineWeb.com
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drills 39.1 g/t Au over 5.7 m at Yuruan projectThread-Topic:...
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- $80 Million FundingThread-Topic: Rusoro NR - $80 Million F...
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News reslease
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TSX-V (RML.V)
FRANKFURT (PKJ2.F)
0.040
+0.00%
0.019
-48.65%
TSX-V
CA$
0.040
05/21
15:37
-
0%
Prev close
Open
0.040
0.030
Low
High
0.030
0.040
Year l/h
YTD var.
0.030
-
0.080
-20.00%
52 week l/h
52 week var.
0.020
-
0.080
-%
Volume
1 month var.
4,764
33.33%
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