Orsu Metals Corporation Announces Grant of Options
July 14 2008 - 11:38AM
UK Regulatory
AIM: OSU
TSX: OSU
PRESS RELEASE
14 July, 2008
Orsu Metals Corporation
(Formerly European Minerals Corporation)
Orsu Announces Grant of Options
______________________________________________________________________________________
Orsu Metals Corporation ("Orsu", or the "Company") (AIM: OSU, TSX: EPM), the
London-based base and precious metal mining, development and exploration company,
announce the granting of options (the ?Options?) over its common shares to the
Directors of the Company as follows:
Name of Director Date of Grant Number of Options Granted Number of Options After Grant
Dr Sergey Kurzin 11 July, 2008 4,000,000 5,000,000
Takhirzhan Baratov 11 July, 2008 2,500,000 3,500,000
Dr Alexander Yakubchuk 11 July, 2008 1,500,00 2,500,000
Mark Corra 11 July, 2008 500,000 700,000
Tim Hanford 11 July, 2008 500,000 800,000
The Options were granted pursuant to the Company's Share Option Scheme at an exercise price of CAD$0.83.
The Options will vest as to one-quarter on each of 31 December 2008, 30 June 2009, 31 December 2009 and
30 June 2010 and may not be exercised later than 12 July 2015.
In addition a combined total of 6,625,000 options were granted to company employees and consultants, on
the same terms and subject to the same vesting period as above.
ENDS
--------------------------------------------------------------------------------------------------------------
For further information please contact:
Tania Tchedaeva, Company Secretary, Orsu Metals Corporation
Tel: +44 (0) 20 7518 3999
Gavin Dallas, Investor Relations, Orsu Metals Corporation
Tel: +44 (0) 20 7518 3999
Ryan Gaffney, Canaccord Adams Limited
Tel: +44 (0) 20 7050 6500
Keith Schaefer, Vanguard Shareholder Solutions
Tel: + 1 604 608 0824
www.orsumetals.com
Orsu Metals Corporation
Orsu Metals (LSE:OSU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Orsu Metals (LSE:OSU)
Historical Stock Chart
From Jul 2023 to Jul 2024