AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: Receives Exchange Approval for a Trust Agreement and Contribution Agreement

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Clavis

Rank: [?]

President

Points: [?]

23987

Rating: [?]

Votes: 222 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Receives Exchange Approval for a Trust Agreement and Contribution Agreement

posted on Jun 04, 09 06:25AM

June 4, 2009

Rusoro Mining Receives Exchange Approval for a Trust Agreement and Contribution Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2009) - Rusoro Mining Ltd. (the "Company" or "Rusoro") (TSX VENTURE:RML) announces that it has entered into a trust agreement and a contribution agreement dated September 8, 2008, whereby Rusoro has agreed to pay to a trust established for members of management and the Executive Committee of the Board of Directors, a success fee upon the completion of a transaction or series of transactions which results in a change of control of the Company. For the purposes of the contribution agreement, a "Transaction" is defined as:

(a) any merger, consolidation, reorganization, recapitalization, restructuring, leveraged buyout, business combination, or any transaction pursuant to which the Company is acquired by or combined with a third party; or

(b) the acquisition by a third party of any assets or operations of the Company, or any outstanding shares of the Company; or

(c) a sale or spin-off of any material assets, of 5% or more of the capital stock of any subsidiary of the Company, or any transaction which has the effect of altering the capitalization of the Company.

Where a change in control accompanies the Transaction, the success fee will be equal to 1% of the aggregate transaction value as defined in the contribution agreement. If the Transaction involves the acquisition of less than 50% of the voting power of the then outstanding shares of Rusoro, then the success fee will be equal to 0.5% of the aggregate transaction value.

About Rusoro

Rusoro is a gold production, development and exploration company operating in Venezuela and is the only foreign gold miner in the country. The Company controls a large land position in the prolific Bolivar State region of Venezuela, operating on its own at the Choco 10 Mine and in a JV with the Venezuelan Government at the Isidora Mine. Ore from both mines is processed through the Choco 10 mill facility near the town of El Callao. The Company produced approximately 100,000 ounces of gold in 2008 and is working towards advancing two new gold mining operations in Venezuela.

ON BEHALF OF

Rusoro Mining Ltd

George Salamis, President

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »