Orosur Mining Inc Director Dealings and Exercise of Options (1462I)

TIDMOMI

RNS Number : 1462I

Orosur Mining Inc

10 December 2020

Orosur Mining Inc. ("Orosur" or the "Company")

Director Dealings and Exercise of Options

London, 10th December 2020. Orosur Mining Inc (TSX/AIM:OMI) announces that on 9 December 2020, Brad George, CEO of the Company, acquired 50,000 common shares of no par value each in the Company ("Common Shares"), Louis Castro, Non-Executive Chairman, acquired 47,000 Common Shares, and Thomas Masney (Non-Executive Director) acquired 10,000 Common Shares.

Following these purchases, Brad George is interested in 50,000 Common Shares, representing 0.03 per cent. of the Company's issued share capital, Louis Castro is interested in 47,000 Common Shares representing 0.03 per cent. of the Company's issued share capital, and Thomas Masney is interested in 10,000 Common Shares, representing 0.005 per cent. of the Company's issued share capital.

Exercise of options

The Company has also approved the issue of 100,000 Common Shares following the exercise of options by an employee.

Application has been made for the 100,000 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 15 December 2020.

Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 187,158,753 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 2,748,315 options outstanding.

F or further information, please contact:

Orosur Mining Inc

Louis Castro, Chairman,

Brad George, CEO

info@orosur.ca

Tel: +1 (778) 373-0100

SP Angel Corporate Finance LLP - Nomad & Joint Broker

Jeff Keating / Caroline Rowe

Tel: +44 (0) 20 3 470 0470

Turner Pope Investments (TPI) Ltd - Joint Broker

Andy Thacker

Tel: +44 (0)20 3657 0050

Flagstaff Communications and Investor Communications

Tim Thompson

Mark Edwards

Fergus Mellon

orosur@flagstaffcomms.com

Tel: +44 (0)207 129 1474

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 .

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.

 
        Details of PDMR / person closely associated with them 
   1.    ( 'PCA') 
 a)     Name                          1. B rad George 
                                       2. Louis Castro 
                                       3. Thomas Masney 
                                       4. Joaquin Sarroca 
       -----------------------  ---------------------------------------------- 
 2.     Details of PDMR / person closely associated with them 
         ( 'PCA') 
       ----------------------------------------------------------------------- 
 a)     Position / status             1. CEO 
                                       2. Non-Executive Chairman 
                                       3. Non-Executive Director 
                                       4. Legal counsel 
       -----------------------  ---------------------------------------------- 
 b)     Initial notification     Initial notification 
         / amendment 
       -----------------------  ---------------------------------------------- 
 3.     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------- 
 a)     Name                           Orosur Mining Inc. 
       -----------------------------  ---------------------------------------- 
 b)     LEI                            213800CRYQM3M8G1OI19 
       -----------------------------  ---------------------------------------- 
 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 
       ----------------------------------------------------------------------- 
 c)     Description              Common shares of no par value each 
         of the financial 
         instrument               ISIN: CA6871961059 
       -----------------------  ---------------------------------------------- 
 d)     Nature of the            1 , 2 and 3. Purchase of shares 
         transaction              4. Exercise of options 
       -----------------------  ---------------------------------------------- 
 e)     Price(s) and               Price(s)               Volume(s) 
         volume(s)                       1. 19.872p        50,000 
                                          2. 20.15p         47,000 
                                          3. Cdn$ 0.34       10,000 
                                          4. Cdn$ 0.105      100,000 
       -----------------------  ---------------------------------------------- 
 f)     Aggregated information 
         Aggregated                See above. 
         volume 
         Price 
       -----------------------  ---------------------------------------------- 
 g)     Date of the              9 December 2020 
         transaction 
       -----------------------  ---------------------------------------------- 
 h)     Place of the             1,2 and 3. AIM 
         transaction              4. Off market transaction 
       -----------------------  ----------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUPGBAPUPUPGB

(END) Dow Jones Newswires

December 10, 2020 02:00 ET (07:00 GMT)

Orosur Mining (LSE:OMI)
Historical Stock Chart
From Jun 2024 to Jul 2024