Rusoro Mining Redacts Recent CEO Statements, Clarifies

Rusoro Mining, Inc. issued a press release that retracted certain statements made by its CEO in a recent interview. He referred to San Rafael/El Placer "'commercial gold production', 'ore' and 'orebodies'", which are not yet appropriate because exploration of the property isn't sufficiently advanced yet. In addition, a hope expressed about expanding production at Rusoro's Choco 10 property is not yet supported by a required scoping and feasibility study. The news release goes into further detail, and notes that Rusoro is in the middle of a $40-60 million equity financing.

This redaction was released after trading finished yesterday, when Rusoro closed at 56 cents on light volume. As of the time of this post, the bid-ask is 50-61 cents.

Rusoro's Google Finance web page is here.

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