Silver Point Capital buying at Rusoro Mining (RML)

Silver Point Capital buying at Rusoro Mining (V:RML)

Silver Point Capital, a 10% Holder, acquired 2,209,409 Common Shares on a control or direction basis for registered holder Silver Point Distressed Opportunity Institutional Partners II Master Fund (Offshore), L.P., 6,390,859 Common Shares on a control or direction basis for registered holder Silver Point Distressed Opportunity Institutional Partners II, L.P. and 7,935,532 Common Shares on a control or direction basis for registered holder Silver Point Luxembourg Platform S.? r.l. at a price of $0.940 through a private transaction on February 13th, 2024. This represents a $15,543,652 investment into the company's shares and an account share holdings change of 14.8%.

Rusoro Mining is in the Gold Sub Industry Group under the Basic Materials Sector.

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.