Rusoro Withdraws Offer for Gold Reserve
February 10 2009 - 5:07PM
Marketwired
Rusoro Mining Ltd. (TSX VENTURE: RML) ("Rusoro" or the "Company")
announced today that it has withdrawn its offer to purchase all of
the common shares of Gold Reserve Inc. (TSX: GRZ)(NYSE Alternext
US: GRZ) as conditions of its offer can no longer be satisfied as a
result of the decision issued today by the Ontario Superior Court
of Justice. As a result, the hearing before the Ontario Securities
Commission to consider cease trading Gold Reserve Inc.'s
shareholders rights plan which was scheduled to take place February
12, 2009 will not proceed.
About Rusoro
Rusoro is a junior gold producer with a large land position in
the prolific Bolivar State region of Venezuela. The Company
operates the Choco 10 and Isidora mines, processing the ore through
the Choco 10 mill facility near the town of El Callao.
ON BEHALF OF THE BOARD
George Salamis, President
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release.
Contacts: Rusoro Mining Limited George Salamis President (604)
632-4044 or Toll Free: 1-800-668-0091 Email: gsalamis@rusoro.com
Rusoro Mining Limited Ross Gatensbury Investor Relations (604)
632-4044 or Toll Free: 1-800-668-0091 (604) 632-4045 (FAX) Email:
gates@rusoro.com Website: www.rusoro.com
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