Rusoro Updates CITGO Auction Process
Rusoro Mining (TSXV: RML / OTC: RMLFF) announced on November 13, 2025 that the Delaware Court of Chancery denied Gold Reserve's request for expedited treatment of a motion for a preliminary injunction related to the PDV Holdings sale process.
The company said Vice Chancellor Lori Will found Gold Reserve did not show a risk of irreparable injury from the ongoing federal sale process, and suggested those disputes can be addressed by the federal judge. Separately, Delaware federal Judge Leonard P. Stark denied motions from Gold Reserve, Citgo, PDVSA and the Republic of Venezuela to disqualify the special master and denied Gold Reserve's request for his recusal in a 54-page opinion.
Rusoro Mining (TSXV: RML / OTC: RMLFF) ha annunciato il 13 novembre 2025 che la Corte di Cancelleria del Delaware ha respinto la richiesta di trattamento urgente di una mozione per un'ingiunzione preliminare relativa al processo di vendita di PDV Holdings.
L'azienda ha detto che la vicepresidente della corte Lori Will ha rilevato che Gold Reserve non ha dimostrato un rischio di danno irreparabile dal continuo processo di vendita federale, e ha suggerito che tali controversie possano essere affrontate dal giudice federale. Separatamente, il giudice federale del Delaware Leonard P. Stark ha negato le mozioni di Gold Reserve, Citgo, PDVSA e della Repubblica venezuelana di squalificare lo special master e ha negato la richiesta di ricusazione di Gold Reserve in una opinione di 54 pagine.
Rusoro Mining (TSXV: RML / OTC: RMLFF) anunció el 13 de noviembre de 2025 que la Corte de Cancillería de Delaware negó la solicitud de tratamiento expedito de una moción de una medida cautelar preliminar relacionada con el proceso de venta de PDV Holdings.
La empresa dijo que la Vice-Canciller Lori Will encontró que Gold Reserve no mostró riesgo de daño irreparable por el actual proceso de venta federal, y sugirió que esas disputas pueden ser abordadas por el juez federal. Por separado, el juez federal de Delaware Leonard P. Stark denegó las mociones de Gold Reserve, Citgo, PDVSA y la República de Venezuela para descalificar al maestro especial y negó la solicitud de recusación de Gold Reserve en una opinión de 54 páginas.
Rusoro Mining (TSXV: RML / OTC: RMLFF)는 2025년 11월 13일에 델라웨어 주 관재판소가 PDV Holdings 매각 절차와 관련된 예비 금지명령의 신속 처리 요청을 기각했다고 발표했다.
회사 측은 Lori Will 부판사가 Gold Reserve가 연방 매각 절차로 인한 돌이킬 수 없는 손해 위험을 제시하지 못했다고 판단했고, 이 분쟁은 연방 판사에 의해 해결될 수 있다고 시사했다고 밝혔다. 한편 델라웨어 연방 판사 Leonard P. Stark는 Gold Reserve, Citgo, PDVSA, 베네수엘라 공화국의 특별 관리인 교체를 기각했고, Gold Reserve의 기피 신청도 거부했다고 54쪽 분량의 의견에서 밝혔다.
Rusoro Mining (TSXV: RML / OTC: RMLFF) a annoncé le 13 novembre 2025 que la Cour de chancellerie du Delaware a rejeté la demande de traitement accéléré d'une motion en référé concernant le processus de vente de PDV Holdings.
La société a déclaré que la Vice-Chancellor Lori Will a estimé que Gold Reserve n'a pas démontré un risque de préjudice irréparable lié au processus fédéral de vente en cours, et a suggéré que ces différends peuvent être résolus par le juge fédéral. Par ailleurs, le juge fédéral du Delaware Leonard P. Stark a rejeté les motions de Gold Reserve, Citgo, PDVSA et de la République bolivarienne du Venezuela visant à disqualifier le maître spécial et a rejeté la demande de récusation de Gold Reserve dans une opinion de 54 pages.
Rusoro Mining (TSXV: RML / OTC: RMLFF) gab am 13. November 2025 bekannt, dass das Delaware Court of Chancery den Antrag von Gold Reserve auf eine beschleunigte Behandlung einer Motion für eine einstweilige Verfügung im Zusammenhang mit dem PDV Holdings-Verkaufsverfahren abgewiesen hat.
Das Unternehmen sagte, dass Vizekanzlerin Lori Will festgestellt habe, dass Gold Reserve kein Risiko irreparablen Schadens durch den laufenden föderalen Verkaufsprozess gezeigt habe, und vorgeschlagen habe, dass diese Streitigkeiten vom Bundesrichter behandelt werden können. Separat lehnte der Bundesrichter von Delaware Leonard P. Stark die Anträge von Gold Reserve, Citgo, PDVSA und der Republik Venezuela ab, den Special Master zu disqualifizieren, und wies Gold Reserves Antrag auf Absetzung in einer 54-seitigen Stellungnahme zurück.
Rusoro Mining (TSXV: RML / OTC: RMLFF) أعلنت في 13 نوفمبر 2025 أن محكمة ديلوير للدائرة القنصلية رفضت طلب Gold Reserve لمعالجة سريعة لأمر قضائي مؤقت متعلق بعملية بيع PDV Holdings.
وقالت الشركة إن نائبة القاضي Lori Will وجدت أن Gold Reserve لم تُظهر خطر أذى لا يمكن جبره من عملية البيع الفدرالية الجارية، وأشارت إلى أن هذه النزاعات يمكن معالجتها من قبل القاضي الفدرالي. وبشكل منفصل، رفض القاضي الفدرالي في ديلوير Leonard P. Stark الطلبات المقدمة من Gold Reserve وCitgo وPDVSA وجمهورية فنزويلا لاستبعاد الخبير الخاص ورفض طلب Gold Reserve بإعفائه في رأي مكوّن من 54 صفحة.
- Chancery court denied Gold Reserve's expedited injunction request (Nov 13, 2025)
- Federal judge denied disqualification and recusal motions in a 54-page opinion
- Ongoing litigation related to PDV Holdings sale process remains unresolved
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - Rusoro Mining Ltd. (TSXV: RML) (the "Company" or "Rusoro") announces that the Delaware Court of Chancery, following a hearing earlier today, denied Gold Reserve's request for expedited treatment of its motion for a preliminary injunction. Specifically, Vice Chancellor Lori Will found that Gold Reserve had failed to make an adequate showing that the continuation of the sale process before the federal court in Delaware poses a risk of irreparable injury to Gold Reserve, and expressed the view, which Rusoro shares, that disputes concerning the sale process can be addressed by Judge Stark of the federal court.
Unrelatedly, Judge Stark, the Delaware federal judge overseeing the sale process for the PDV Holdings shares, today denied motions made by Gold Reserve, Citgo, PDVSA, and the Republic of Venezuela calling upon him to disqualify the special master and, in the case of Gold Reserve's motion, to recuse himself from further involvement with the sale process. Judge Stark's 54-page opinion denying these motions found that those motions lacked merit for a variety of reasons, and noted his view that both the Venezuela parties and Gold Reserve wish to see the sale process fail.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO
For further information, please contact:
Rusoro Mining Ltd.
Gordon Keep
E; gkeep@fiorecorporation.com
T: 604 609-6110
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FAQ
What did Rusoro announce about the Delaware court rulings on November 13, 2025 for RMLFF?
How did the federal judge rule on disqualification and recusal motions affecting the PDV Holdings sale for RMLFF?
Does the November 13, 2025 update suggest the sale process for PDV Holdings will continue for RMLFF shareholders?
What did Vice Chancellor Lori Will say about Gold Reserve's injunction motion on November 13, 2025?
Will the November 13, 2025 rulings immediately change Rusoro's ownership of PDV Holdings shares (RMLFF)?
