Rusoro Announces Closing of $1,250,000 Private Placement, Appointment of Anthony Beruschi and Grant of Stock Options Se ptember 22, 2022
Suite 3123 – 595 Burrard Street
Vancouver, BC V7X 1J1
Tel: 604 - 609 - 6110 Fax: 604 - 609 - 6145
Website: www.rusoro.com
Rusoro Announces Closing of $1,250,000 Private Placement, Appointment of Anthony
Beruschi and Grant of Stock Options
Se
ptember 22, 2022 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the
"Company" or "Rusoro") is pleased to announce that on September 21, 2022 , it closed, subject to final
approval of the TSX Venture Exchange (“TSX-V”), its non-brokered private placement (the "Financing") of
20,000,000 units (each, a " Financing Unit") at a price of $0.0625 per Financing Unit for gross proceeds of
$1,250,000. Each Financing Unit consist s of one common share of the Company, and one common share
purchase warrant (a " Warrant"), with each Warrant entitling th e holder to acquire one additional share at a
price of $0.10 until September 21, 2027.
A
ll securities issued in connection with the Financing and the Warrants are subject to TSX Venture Exchange
approval and all securities will be subject to a four month and one day statutory hold period expiring on January
22, 2023.
T
he net proceeds raised through the Financing will be used for working capital and general corporate purposes,
and to pay outstanding accounts. No finder’s fees have been paid in connection with the Private Placement.
T
he Company is also pleased to announce that Mr. Anthony Beruschi, B.Sc., LLB has been appointed a director
of the Company upon closing of the Financing.
T
he Company also announces that, subject to regulatory approval, it has granted incentive stock options to
certain directors, officers and consultants of the Company to acquire an aggregate of 6,080,000 common shares
in the capital of the Company at an exercise price of $0.075 (the “Options”) in accordance with its 10% rolling
Incentive Stock Option Plan. All Options are fully vested as at the date of grant and exercisable for a 10 -year
term expiring September 21, 2032.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
“This press release contains “forward- l ooking information” and “forward- looking statements” within the meaning of
applicable securities laws. This information and statements address future activities, events, plans, developments and
projections. All statements, other than statements of historical fact, constitute forward- looking statements or forward-
looking information. Such forward-looking information and statements are frequently identified by words such as “may,”
“will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect
assumptions, estimates, opinions and analysis made by management of Rusoro Mining Ltd. in light of its experience,
current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant.
Forward-looking information and statements involve known and unknown risks and uncertainties that may cause
Rusoro's actual results, performance and achievements to di ffer materially from those expressed or i mplied by the
forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including
environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and
uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in
other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Rusoro Mining
Ltd. disclaims any obligation to update or revise any forward- looking information or statements except as may be
required.”