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On September 23, 2022, Orosur Mining Inc. announced it issued 40,000 common shares following the exercise of options by a former employee at C$0.05 per share. An application has been made for these shares to be admitted to trading on AIM, with admission expected around September 29, 2022. Following admission, Orosur Mining Inc. will have 188,560,300 common shares in issue and 11,499,999 options outstanding.
| Date | 23 Sept 2022 |
| Time | 07:00:07 |
| Category | Capital structure |
| ID | 3787A |
Orosur Mining Inc - Employee Options Exercise
London, September 23rd, 2022. Orosur Mining Inc. ("Orosur" or the "Company") (TSX/AIM:OMI), announces that it has issued 40,000 common shares of no par value ("Common Shares"), following the exercise of options by a former employee as follows:
Exercise Price Options
C$ 0.05 40,000
Application has been made for the 40,000 Common Shares, which rank pari passu with the existing Common Shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will occur at 8:00am UK time on or around 29 September 2022.
No current members of the board, or Company executives have exercised any options.
Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 188,560,300 Common Shares in issue. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company.
Following Admission, the Company will have 11,499,999 options outstanding.
For further information, please contact:
Orosur Mining Inc
Louis Castro, Chairman,
Brad George, CEO
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad & Joint Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
About Orosur Mining Inc.
Orosur Mining Inc. (TSX.V: OMI; AIM: OMI) is a minerals explorer and developer focused on identifying and advancing projects in South America. The Company operates in Colombia, Argentina and Brazil.