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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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Tuesday March 16, 12:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Monday March 15, 11:56Bionomics to present at Ultimate Healthcare & Biotechnology Event, March 24

Deborah Rathjen, CEO of Bionomics, recommended by UK Investment Reseach house Edison Investment Research, "our new valuation for BNO is at 55 cents" will present in Sydney.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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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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