RE: OMI31 Dec 2024 00:18
Another $240k, on top of the £1.25m raised
London, 30 December, 2024, Orosur Mining Inc. ("Orosur" or "the Company") (AIM/TSXV: OMI), a minerals explorer and developer with projects in Colombia, Argentina and Nigeria, advises that, following an exercise of: 1,694,615 warrants at an exercise price of US$0.0372 (approximately 2.952p) each; 559,712 warrants at an exercise price of US$0.0494 (approximately 3.921p) each; and, 2,677,966 warrants at an exercise price of US$0.0558 (approximately 4.429p) each, the Company will, issue 4,932,593 new common shares of no par value each ("Common Shares") for a total consideration of US$240,131.
Application will be made for the 4,932,593 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 7 January 2025.