Rusoro Mining Ltd. Appoints Chief Operating Officer and VP Corporate Development
April 28 2009 - 2:49PM
Marketwired
Rusoro Mining Ltd. (the "Company") (TSX VENTURE: RML) is pleased to
announce the appointments of Mr. Roman Amosov to the position of
Chief Operating Officer and Mr. Dmitry Ushakov to the position of
VP Corporate Development, effective immediately. Mr. Amosov brings
many years of technical and operational mining experience and Mr.
Ushakov a strong evaluative and financial background, to the
Company's executive management team.
Mr. Amosov is a Mining Engineer and graduate from the Moscow
State Institute of Nonferrous Metals and Gold. He has extensive
experience in mining project management in a number of regions in
the world including Latin America and the Former Soviet Union,
specifically in the areas of technical auditing of gold mine
processing facilities, the organization and operation of
underground gold mines and in the area of mill and mobile fleet
maintenance. He also has significant experience in the preparation
of environmental impact and feasibility studies from gold projects
located in a number of different mining regions around the
world.
Mr. Ushakov has a Masters Degree in Foreign Economic Relations
from the Moscow Financial Institute. He is the Director General of
Interros Holding Company, a major Russian private investment
company which operates throughout Russia, Europe, Asia, and North
America and who are significant shareholders of Norilsk Nickel and
Polyus Gold. In the resource sector he has worked directly with
both Norilsk and Polyus and was formerly the Chairman of the Board
for Sidanco Oil. Mr. Ushakov will play a critical role in
evaluating potential acquisitions and the associated financial and
integration aspects that may be associated with any acquisitions
that are contemplated. His strong business relationships and
experience in Europe and the Former Soviet Union will be of
significant benefit to the Company.
The Company's President, George Salamis, states, "I am very
pleased to welcome Roman and Dmitry into Rusoro's executive
management group. Their extensive operational and financial
experience within the mining industry will be of considerable
benefit to the Company as we continue to execute our aggressive
growth strategy in Venezuela."
The Company also announces that it has granted incentive stock
options under its stock options plan to directors, officers,
employees and consultants of the Company for the purchase of up to
15,980,000 shares in the capital of the Company. The options are
exercisable on or before April 23, 2019 at a price of $0.60 per
share. Further, the Company announces that it has re-priced
3,610,000 outstanding options held by employees and consultants of
the Company to a price of $0.60 per share.
ON BEHALF OF THE BOARD
George Salamis, President
Forward-looking statements: This document contains statements
about expected or anticipated future events and financial results
that are forward-looking in nature and as a result, are subject to
certain risks and uncertainties, such as general economic, market
and business conditions, the regulatory process and actions,
technical issues, new legislation, competitive and general economic
factors and conditions, the uncertainties resulting from potential
delays or changes in plans, the occurrence of unexpected events,
and the Company's capability to execute and implement its future
plans. Actual results may differ materially from those projected by
management. For such statements, we claim the safe harbour for
forward-looking statements within the meaning of the Private
Securities Legislation Reform Act of 1995.
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release.
Contacts: Rusoro Mining Ltd. George Salamis President (604)
632-4044 or Toll Free: 1-800-668-0091 (604) 682-1514 (FAX) Email:
info@rusoro.com Website: www.rusoro.com
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