Orosur Mining Orosur Mining Inc - Share Issuance
December 06 2019 - 2:00AM
UK Regulatory
TIDMOMI
Orosur Mining Inc. ("Orosur" or "the Company") (TSX: OMI) (AIM:
OMI) announces the issuance of 10,000,000 common shares pursuant to
the Company's previously announced payment plan agreement between
the Company's wholly-owned subsidiary, Loryser SA ("Loryser") and
Loryser's creditors (the "Agreement")
CREDITOR SHARE ISSUANCE
On December 6, 2019, 10,000,000 common shares were issued to a
trust for the benefit of Loryser's creditors as contemplated in the
court-approved Agreement.
Application has been made for the new common shares to be
admitted to trading on AIM. It is expected that Admission will
become effective at 8.00 am (GMT) on or around December 11th, 2019.
If Admission is delayed, any variations to this timetable will be
announced via a Regulatory Information Service.
As a result of the share issuance and annual stock option grant,
the number of common shares issued and outstanding is 160,277,672
and the total number of options is 9,110,759 and warrants
outstanding is 8,370,251. The common shares issued to the trust are
subject to a hold period expiring four months and one day following
the issuance date in accordance with applicable Canadian securities
laws.
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.
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/20191205005907/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 06, 2019 02:00 ET (07:00 GMT)
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