Rusoro Applies for Order to Terminate Gold Reserve Poison Pill

Rusoro Mining Ltd. said today that in connection with its takeover bid for Gold Reserve Inc. it has applied for an order from the Ontario Securities Commission to cease trade Gold Reserve’s shareholders rights plan (more commonly known as a “poison pill”). The OSC is expected to set a hearing date shortly. Rusoro expects the hearing to be held prior to the expiry of its Bid, and it... 

Gold Reserve Commences Legal Action Against Endeavour and Rusoro

Gold Reserve Inc. announces that it has filed today an action in the Ontario Superior Court of Justice against Endeavour Financial International Corporation and Rusoro Mining Ltd. seeking an injunction restraining Rusoro and Endeavour from proceeding with the unsolicited offer, significant monetary damages, and various other items. On Friday, December 12, 2008, the Board of Directors received a non-binding... 

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Rusoro Mining Ltd.: 43-101 Report Filed for Isidora and Twin Shear Projects Acquired From Hecla Mining

Rusoro Mining Ltd. report that a 43-101 report prepared by independent consultants Micon International Ltd. for the Isidora and Twin Shear gold projects has been filed. Both projects were part of the assets acquired in the acquisition of Hecla Mining Company’s Venezuelan assets. The total resources outlined in the report for Isidora confirmed the resources originally estimated by Rusoro with... 

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Hecla Mining Company completed the transaction with $25 million

Hecla Mining company has just completed the transaction. The company sold its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro Mining Ltd. (Rusoro) for $25 million, consisting of $20 million in cash and 4,273,504 shares of Rusoro common stock. A 117-year-old company, Hecla has long been well known in the mining world and financial markets as a quality producer of silver... 

Hecla Extends Date for Closing on Venezuelan Gold Property Sale

Hecla Mining Company has approved a revision to its agreement with Rusoro Mining Ltd. (Rusoro) to extend the date to July 8, 2008, for closing the transaction to sell its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro for $25 million. The sale agreement was previously announced on June 19, 2008, with a closing date originally targeted for today, June 27, 2008. The date... 

Hecla Mining Co. sells $25 million in Venezuela assets

Hecla Mining Co. says it is selling its subsidiaries in Venezuela to Rusoro Mining Ltd. in a deal worth $25 million. The company says Rusoro, of Vancouver, British Columbia, will pay $20 million and give up Rusoro stock worth $5 million to purchase assets including leases for the Isidora gold mine and La Camorra mining facility in southeastern Venezuela. The transaction depends upon regulatory approval. Coeur...