If anyone is interested in reading Canada,s Foreign Investment Promotion & Protection Agreement with Venezuela,the link is below.

I cant see Canada allowing another Canadian company to work behind closed doors with the Vens to screw another Canadian company and its Canadian investors out of their investments in Venezuela.If Rusoro was based out of another country id be more worried,but it isnt,its Canadian.Doesnt matter who is the majority owner,its a publically listed and traded company from Canada.

In my correspondence with the Canadian embassy,on both occassions they assured me that they expect the government of Venezuela to fully honour its obligations under this agreement and that they were in regular communications with the Vens concerning Las Cristinas/Kry and the concerns of Canadian investors.

At this point in time i have no reason to believe that we will not be protected under this agreement.Everything i have heard from the Canadian government has been upfront and positive.

Bill

http://www.international.gc.ca/trade...