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Market: TSX-V
Sector: Gold Mining
Epic: TSX-V:RML
News: Latest news
Web Site: Rusoro Mining
Other Articles: 10-03-200905-01-200915-12-2008

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Rusoro Mining

Rusoro Mining

Rusoro Mining is a junior gold producer, with a large land position in the prolific Bolivar State mining region in southern Venezuela.
Tuesday, March 10, 2009

Peter Hambro Mining participates in Rusoro Mining share placing

Mid-tier gold producer, Peter Hambro Mining (AIM: POG) confirmed that it had subscribed to a recent equity placing completed by Rusoro Mining (TSX-V:RML).


Peter Hambro subscribed for approximately 6.16 million shares for a total consideration of C$3.7 million. Following the placing, Peter Hambro Mining holds a 1.1% stake in the South American gold producer. This is not Peter Hambro’s first involvement with Rusoro Mining, previously forming part of a syndicate of investors who extended a US$80 million secured exchangeable loan to Rusoro.


Peter Hambro, Executive Chairman of Peter Hambro Mining said:


“Rusoro enjoys a strategic position in Venezuela's gold mining industry as well as a strong production growth profile. Peter Hambro Mining is pleased to enhance further its involvement with Rusoro and looks forward to Rusoro realising the potential of its exciting opportunities in the future.”

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