Orosur Mining Orosur Mining Inc. - Colombia Update
November 07 2019 - 2:00AM
UK Regulatory
TIDMOMI
Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM: OMI), a
South American-focused gold developer and explorer announces the
receipt of US$690,000 from Newmont Colombia S.A.S. ("Newmont"), a
wholly owned subsidiary of Newmont GoldCorp Corporation, in
connection with maintaining its earn-in rights pursuant to the
Exploration Agreement with Venture Option over the Anzá project in
Colombia (the "Exploration Agreement").
During the first year of the Exploration Agreement, which
concluded on September 7th 2019, Newmont funded exploration costs
totalling US$310,000 to Minera Anzá (Orosur's Colombian
subsidiary). In accordance with the Exploration Agreement, Newmont
has made a further cash payment of US$690,000 to Minera Anzá to
cover its outstanding commitments and to maintain its phase 1
earn-in rights.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service, this inside
information is now considered to be in the public domain. If you
have any queries on this, then please contact Ryan Cohen, VP
Corporate Development of the Company (responsible for arranging
release of this announcement on behalf of the Company) on: +1 (778)
373-0100.
About Orosur Mining Inc.
Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals
developer and explorer focused on identifying and advancing gold
projects in South America. The Company operates in Colombia and
Uruguay.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191106005991/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 07, 2019 02:00 ET (07:00 GMT)
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