TIDMOMI
RNS Number : 3056I
Orosur Mining Inc
11 December 2020
Orosur Mining Inc.
Annual Stock Options Issuance
London, December 11, 2020 . Orosur Mining Inc. ("Orosur" or "the
Company") (TSX: OMI) (AIM: OMI) announces the granting of an
aggregate of 5,600,000 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 1,900,000 Options
and 3,700,000 Options were granted to Directors pursuant to the
annual grant. The Options shall vest in two equal parts: the first
part immediately and the second part on the anniversary on the date
of this grant.
All Options are exercisable at a price of Cdn$0.325 per common
share, on or before December 10, 2030. Pricing is based on the
closing price of Orosur's shares on December 9, 2020 on the Toronto
Stock Exchange.
Further to this issue of Options, the total number of shares
under option is 8,348,315 which represents 4.5% of the non-diluted
issued share capital of the Company.
A summary of Director and Officer option grants and resultant
interests is as follows:
Directors & Officers Options Granted Total Options Total Shares Ownership(1)
---------------------- ---------------- -------------- ------------- -------------
Louis Castro 1,700,000 1,940,000 47,000 0.03%
Brad George 1,700,000 1,900,000 50,000 0.03%
Thomas Masney 300,000 300,000 10,000 0.005%
Victor Hugo 100,000 175,000 - 0%
Joaquín Sarroca 500,000 1,000,000 100,000 0.05%
Total 4,300,000 5,315,000 - 2.90%
---------------------- ---------------- -------------- ------------- -------------
Note 1: Percentage interest in total number of common shares
currently issued
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons associated
closely with them:
1 Details of person discharging managerial responsibilities/person
closely associated
a) Full Name i. Louis Castro
ii. Bradley George
iii. Thomas Masney
iv. Joaquin Sarroca
v. Vic Hugo
------------------------------- --------------------------------------------------
2 Reason for notification
-----------------------------------------------------------------------------------
a) Position/Status i) Chairman of the Board
ii) CEO and Director
iii) Non-Executive Director
iv) Company Secretary and Corporate Counsel
v) CFO
------------------------------- --------------------------------------------------
b) Initial notification/amendment Initial notification
------------------------------- --------------------------------------------------
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.
-----------------------------------------------------------------------------------
a) Description of the Options to subscribe for new common shares
financial instrument, of no par value
type of instrument
------------------------------- --------------------------------------------------
b) Identification code ISIN: CA6871961059
------------------------------- --------------------------------------------------
c) Nature of transaction Grant of options
------------------------------- --------------------------------------------------
d) Prices and volumes i) 1,700,000 @ Cdn$0.325
ii) 1,700,000 @ Cdn$0.325
iii) 300,000 @ Cdn$0.325
iv) 500,000 @ Cdn$0.325
v) 100,000 @ Cdn$0.325
------------------------------- --------------------------------------------------
e) Aggregated information 4,300,000 @ Cdn$0.325
------------------------------- --------------------------------------------------
f) Date of transaction December 10(th) , 2020
------------------------------- --------------------------------------------------
g) Place of transaction Outside of trading venue
------------------------------- --------------------------------------------------
F or further information, please contact:
Orosur Mining Inc
Louis Castro, Chairman,
Brad George, CEO
info@orosur.ca
Tel: +1 (778) 373-0100
Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker
Tel: +44 (0)20 3657 0050
SP Angel Corporate Finance LLP - Nomad & Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
Flagstaff 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.
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END
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