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Pin to quick picksOrosur Mining Regulatory News (OMI)

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Orosur Mining Inc. – New Director Option Issuance

4 May 2020 07:00

 

Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), a South American-focused gold developer and explorer announces the granting of an aggregate of 440,000 stock options (“Options”) to the Company’s two new Directors upon recommendation and authorisation by the Company’s Board of Directors.

Mr. Brad George and Mr. Louis Castro were granted a total of 440,000 Options, which shall vest in three equal parts: the first part immediately and the second and third parts on May 4, 2021 and May 4, 2022, respectively.

All Options are exercisable at a price of C$0.04 per common share, on or before May 4, 2025. Pricing is based on the closing price of the Orosur’s shares on May 1, 2020 on the Toronto Stock Exchange.

A summary of Director and Officer option grants and resultant interests is as follows:

Directors & Officers

Options Granted

Total Options

Total Shares

Ownership¹

Louis Castro

240,000

240,000

-

-

 

Brad George

200,000

200,000

-

-

 

H.D. Lee

-

475,000

64,386

0.04

%

Ignacio Salazar

-

1,414,544

723,000

0.45

%

Victor Hugo

-

75,000

-

-

 

Ryan Cohen

-

485,000

231,452

0.14

%

Total

440,000

2,889,544

1,018,838

0.64

%

Note 1:

Percentage interest in total number of common shares currently issued and outstanding

Note 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.

For further information, please contact:

Orosur Mining IncIgnacio Salazar, Chief Executive OfficerRyan Cohen, VP Corporate Developmentinfo@orosur.ca Tel: +1 (778) 373-0100

 SP Angel Corporate Finance LLP – Nomad & Joint BrokerJeff Keating / Caroline RoweTel: +44 (0) 20 3 470 0470

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 personDealingi. Louis Castro
ii. Brad George
iii.

2

Reason for notification
a)Position / Statusi. Chairman of the Board
ii. Non-Executive Director
iii.
b)Initial Notification/AmendmentInitial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer orauction monitor
a)NameOrosur Mining Inc.
b)LEI213800CRYQM3M8G1OI19

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) eachtype of transaction; (iii) each date; and (iv) each place where transactions have beenconducted
a)Description of the financial instrument, type of instrumentOptions to subscribe for new ordinary share of no par value
b)Identification codeCA6871961059
c)Nature of the transactionGrant of options
 
d)Price(s) and volumes(s)Volume(s)Price(s)
i. 240,000i. C$0.04
ii. 200,000ii. C$0.04
 
e)Aggregated information:
- Aggregated volumeVolume(s)Price(s)
- Price

440,000

C$0.04
 
f)Date of the transaction4-May-20
g)Place of the transactionOutside of trading venue

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20200503005084/en/

Copyright Business Wire 2020

Date   Source Headline
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29th Sep 20227:00 amRNSFull Year 2022 Results
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