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SILVER POINT ANNOUNCES ACQUISITION OF COMMON SHARES IN RUSORO MINING LTD.

Newswire.ca - Tue Feb 13, 2024

GREENWICH, Conn, Feb. 13, 2024 /CNW/ - Silver Point Capital, L.P. ("Silver Point") announces that, on February 13, 2024, three of its affiliates, Silver Point Distressed Opportunity Institutional Partners II Master Fund (Offshore), L.P. ("SP Distressed Offshore"), Silver Point Distressed Opportunity Institutional Partners II, L.P. ("SP Distressed") and Silver Point Luxembourg Platform S.à r.l. ("SPLP", and collectively with Silver Point, SP Distressed Offshore and SP Distressed, the "Silver Point Entities"), acquired through the TSX Venture Exchange, in aggregate, 16,535,800 common shares (the "Acquired Shares") of Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro"), at C$0.94 per Acquired Share, for a total of C$15,543,652 (the "Acquisition"). SP Distressed Offshore acquired 2,209,409 Acquired Shares, SP Distressed acquired 6,390,859 Acquired Shares and SPLP acquired 7,935,532 Acquired Shares.

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