Re: RML

Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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jimmijazz

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Re: RML

in response to

RML

ifeelyellow

posted on Jun 09, 2022 01:01AM

If Rusoro is owed 1.67 billion with interest based on:

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") welcomes the award (the "Award") issued on August 22, 2016 by the Arbitration Tribunal ("Tribunal") operating under the Additional Facility Rules of the World Bank's International Centre for the Settlement of Investment Disputes ("ICSID") in the arbitration brought by Rusoro against the Bolivarian Republic of Venezuela ("Venezuela"). The Tribunal awarded the Company damages of US$967.77 million plus pre and post-award interest which currently equates to in excess of US$1.2 billion.

What are we owed based on:

TORONTO, ONTARIO--(Business Wire - April 5, 2016) - Crystallex International Corporation (TSX.V: KRY) welcomes the Award released yesterday by the Additional Facility of the World Bank’s International Centre for Settlement of Investment Disputes (“ICSID”) in relation to its claims against the Bolivarian Republic of Venezuela (“Venezuela”). The Tribunal awarded the company damages of US$1.202 Billion plus pre- and post-award interest due to Venezuela’s unfair and inequitable treatment, and unlawful expropriation of Crystallex’s investment in the Las Cristinas mining project.