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Gold Fields Agrees to Sell its Interest in Rusoro Mining

Newswire.ca - Wed Jan 10, 2024

TORONTO, Jan. 10, 2024 /CNW/ - Gold Fields Netherlands Services B.V. ("GF Netherlands"), a wholly-owned indirect subsidiary of Gold Fields Limited, announces that it has entered into a share purchase agreement dated January 9, 2024 (the "Agreement") with Fulcrum Global Markets LLC, a Delaware limited liability company ("Fulcrum"), to sell 140,000,001 common shares ("Common Shares") in the capital of Rusoro Mining Ltd. (TSXV: RML) ("Rusoro") for an aggregate initial cash purchase price of approximately US$62,323,793 (approximately C$83,339,376) and certain additional contingent consideration upon the occurrence of specified events described below (the "Transaction"). The initial cash purchase price represents a price of approximately US$0.45 (approximately C$0.60) per Common Share.

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