Rusoro Mining Limited: Venezuelan Government Extends 90-Day Negotiation Period
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2011) - Rusoro Mining Ltd. ("Rusoro" or "the Company") (TSX VENTURE:RML) reports the following:
The 90-day period fixed by the Nationalization Decree No. 8413 to negotiate the compensation due to Rusoro and the terms of the migration of Rusoro's mining assets to a Mixed Enterprise to be controlled by the Venezuelan Government and which expired on December 15, 2011 has been extended by decree No. 8683 for another 90 days, to March 14, 2012.