August 23, 2016 / 1:57 PM / 2 years ago

Rusoro board member says company to seek settlement with Venezuela

TORONTO, Aug 23 (Reuters) - Rusoro Mining Ltd. board member Gordon Keep said on Tuesday that the company would seek a settlement with the Venezuelan government after a World Bank tribunal awarded it more than $1.2 billion in an arbitration over the country’s seizure of the company’s gold mine.

He told Reuters that the board would “probably give a good chunk” of any funds received from Venezuela back to shareholders. (Reporting by Jim Finkle in Toronto Editing buy W Simon)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below