It seams to be something about i saw before in the "gazeta ".

" Increible " is the ward that interest me because is the name of a mine.

Russian company Rusoro Mining (TSX-V: RML) reported it will maintain its all-stock takeover bid for Canadian miner Gold Reserve (TSX-V: GRZ), despite the latter's amendment of its shareholder rights plan.

Rusoro CEO Andre Agapov said in a statement released Monday that "this appears to be another drastic attempt by entrenched management of GRZ to prevent Gold Reserve shareholders from deciding to tender to the bid. We are disappointed at these tactics but we are determined to ensure that Gold Reserve shareholders are not disenfranchised."

The bid expires at midnight on January 21.

Rusoro is offering three of its shares for each Gold Reserve share in what it described as a 140% premium. Based on Monday's stock prices, the offer is worth around US$77mn, although both companies were trading sharply higher on the day.

In Venezuela, Rusoro operates the Choco 10 gold mine and the Block B Isidora mining leases in Bolívar state, and expects to see its San Rafael-El Placer and Increíble 6 projects produce gold in the second quarter of 2009, which would boost the company's production to 210,000oz/y.

Gold Reserve controls the Brisas project also in Venezuela's Bolívar state, which holds proven and probable reserves of 10.2Moz gold and 1.39Blb (630,039t) copper.

SHAREHOLDER RIGHTS PLAN

Gold Reserve reported earlier that its board had amended the company's shareholder rights plan by extending the definition of a "permitted bid" to include a bid by an entity which has confidential information about Gold Reserve that has executed a confidentiality and standstill agreement within three months prior to the launch of the bid.

Moreover, the company has established a committee to deal exclusively with the unsolicited offer by Rusoro.

According to the statement, Gold Reserve urges its shareholders to wait for the board's recommendation on the next step regarding the bid.

Rusoro launched its unsolicited takeover bid for Gold Reserve on December 15 after having sent a non-binding letter of intent to acquire the miner in August, which was rejected.