agapovs selling also coincided with this.
Rusoro Purchases Part of Outstanding Senior Secured Exchangeable Loan
-
Press Release
- Source: Rusoro Mining Limited
- On 8:06 pm EST, Tuesday November 17, 2009
-
- VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2009) - Rusoro Mining Ltd. (TSX VENTURE:RML - News) announces that it has purchased the principal amount of U.S.$20,000,000 dollars of the outstanding U.S.$80,000,000 senior secured exchangeable loan which was issued by a wholly owned Rusoro subsidiary to a syndicate of lenders led by Petropavlovsk PLC (formerly Peter Hambro Mining PLC). Rusoro is a guarantor of the loan. The purchase price paid was U.S.17,000,000 for the principal amount of the loan and U.S.$724,591 for accrued interest to the date of closing for a total of $17,724,591.
ON BEHALF OF THE BOARD OF RUSORO MINING LTD.
George Salamis, President