Demand for 550 million dollars sought against Rusoro Gold Book
Thursday, 23 April 2009
A court in Canada has just decided in the lawsuit against Rusoro, a company that tried to buy the Gold Reserve Corporation that operates the Brisas project in Las Claritas, Sifontes municipality

Isidro Casanova
Gold Reserve Corporation, a licensee who holds the Canadian Brisas gold deposit of Cuyuní at San Isidro Parish, Sifontes municipality demanded that the United Russia, which operates mines in Rusoro municipalities Sifontes and Callao, in the amount of 550 million dollars in damages during a process of attempting to purchase Rusoro Gold Reserve.

This information comes from a note published in this newspaper in which the Russian group said it had discussions with the transnational Crystallex Cuyuní the Brisas Project and to negotiate the rights they have in Las Cristinas and Brisas del Cuyuní, neighboring fields Las Claritas Inside, on the shore of the river Cuyuní. The above note indicated that the Russian group was assuming much of the mining towns of the South.

The explanatory

Engineer Arturo Rivero, president of Gold Reserve stated that clarification was needed in the information indicating that evil may be negotiating with Rusoro when in motion a lawsuit against them for damages.

-We have no-holds talks with Rusoro Rivero. They tried to buy a Gold Book and failed miserably. Are currently defendants in a court of Canada for damages, for 550 million dollars. In a first decision of the judge, ordered Rusoro withdraw the bid for Gold Reserve and not try another. The purchase offer was rejected by shareholders. The trial continues. I categorically deny that a representative of Rusoro has spoken to us about this negotiation. That told the journalist that was published and that they were talking to us, is pure story of roads.

Attention to sports

Other information indicates that the Brisas project, including its activities in solidarity with the community, it is important to develop sports programs in which indigenous and Creole living in the parish of San Isidro where the project is located. Of sports programs for the company, several marathoners have emerged that are emerging to compete outside.

Adds the information that a number of sports that parish, with monitors sporting dependent on the Brisas project. The company also holds orientation programs to communities.

We continue to invest in Las Claritas

Arturo Rivero consulted about the current state of the Brisas project Cuyuní, located in Las Claritas, in light of the changes that have occurred in relation to holders of permits and concessions in the gold mining towns of the South, and responded:

We continue with the project's Brisas Cuyuní. We are not called by any executive authority to announce some changes that may be in the gold industry. We continue to expect the Government to establish a definitive policy to govern the gold sector. We remain alert to any ad.

¿Gold Reserve has been called by either the minister Rodolfo Sanz, minister of Basic Industries and Mining?

We have not been called by the minister nor any other senior official of the National Government.