Orosur Mining Orosur Mining Inc. - Annual Option Issuance
November 19 2019 - 2:00AM
UK Regulatory
TIDMOMI
Orosur Mining Inc. ("Orosur" or "the Company") (TSX: OMI) (AIM:
OMI) announces the granting of an aggregate of 1,460,000 stock
options ("Options") to directors, officers and employees, upon
recommendation of the Company's Remuneration Committee.
ANNUAL STOCK OPTION GRANT
Officers and employees were granted a total of 1,245,000 Options
and the balance equivalent to 215,000 Options were granted to
Directors pursuant to the annual grant, which shall vest in three
equal parts: the first part immediately and the second and third
parts on November 14, 2020 and November 14, 2021, respectively.
All Options are exercisable at a price of C$0.05 per common
share, on or before November 14, 2024. Pricing is based on the
closing price of the Orosur's shares on November 14, 2019 on the
Toronto Stock Exchange.
A summary of Director and Officer option grants and resultant
interests is as follows:
Directors & Options Granted Total Options Total Shares Ownership¹
Officers
Robert Schafer 115,000 315,000 - -
H.D. Lee 100,000 775,000 64,386 0.04%
Ignacio Salazar 215,000 2,114,544 723,000 0.48%
Victor Hugo 75,000 75,000 - -
Ryan Cohen 75,000 685,000 231,452 0.15%
Total 580,000 3,964,544 1,018,838 0.68%
Note 1: Percentage interest in total number of common shares
currently issued and outstandingNote 2: Pursuant to Market Abuse
Regulation, individual notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them is contained at the end of
this press release.
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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities / person closely associated
a) Full name of person Dealing Robert SchaferHorng Dih LeeIgnacio SalazarVictor HugoRyan Cohen
2 Reason for notification
a) Position / Status Chairman of the BoardDirectorCEO & DirectorCFOVP, Corporate Development & Corporate Secretary
b) Initial Notification/Amendment Amendment
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Orosur Mining Inc.
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options to subscribe for new ordinary share of no par value
b) Identification code CA6871961059
c) Nature of the transaction Grant of options
Volume(s) Price(s)
i. 115,000 i. C$0.05
d) Price(s) and volumes(s) ii. 100,000 ii. C$0.05
iii. 215,000 iii. C$0.05
iv. 75,000 iv. C$0.05
v. 75,000 v. C$0.05
e) Aggregated information:
- Aggregated volume Volume(s) Price(s)
- Price 580,000 C$0.05
f) Date of the transaction 14 November 2019
g) Place of the transaction Outside of trading venue
Orosur Mining Inc Ignacio Salazar, Chief Executive OfficerRyan
Cohen, VP Corporate Developmentinfo@orosur.ca Tel: +1 (778)
373-0100
SP Angel Corporate Finance LLP - Nomad & Joint Broker Jeff
Keating / Stephen WongTel: +44 (0)20 3 470 0470
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191118005975/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 19, 2019 02:00 ET (07:00 GMT)
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