Last checked at 14 Dec 2010 07:00
Orosur Mining Inc. ('OMI' or 'the Company') (TSX-V: OMI) (AIM: OMI), a South American-focused gold producer and explorer, announces that it has appointed Mr. Ralph Browning as Non-Executive Director of the Company with immediate effect.
David Fowler, OMI Director and Chief Executive Officer commented, "We are delighted to welcome Ralph to the Board of Directors of OMI. Ralph's experience in finance will be very important as the Company looks to develop its growing interests on the natural resources sector in Latin America."
Mr. Browning, aged 47, is a banker with over 25 years of experience in the banking industry. He holds a Bachelor of Science degree in Geography from the London School of Economics.
Mr. Browning is also a Director of Smokehouse Limited and Oxford Assets Limited and in the previous five years he has been Director of Islamic Finance International Ltd and ROI - Riyada Oxford Investments Limited, all private companies based in the UK.
The Company has also granted 100,000 stock options to Mr. Browning, exercisable at a price of CDN$ 1.20.Per Common Share of the Company on or before December 11, 2010. The stock options were granted on December 11, 2010 fixing the exercise price as of the close price of OMI Common Shares at the TSX-V on December 10, 2010. The options will vest in three equal parts: the first part immediately and the second and third parts on December 11, 2011 and December 11, 2012.
There is no other information required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
ENDS
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Orosur Mining Inc.
Orosur Mining Inc. is a fully integrated gold producer and exploration company focused on identifying and developing gold projects in Latin America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay and Chile. The Company is quoted in Canada (TSX-Venture Exchange: OMI) and London (AIM: OMI).
Orosur Mining IncDavid Fowler, CEOIgnacio Salazar, CFO+ 598 2601 6354info@orosur.caorMatrix Corporate Capital LLP (Nominated Adviser & Broker)Louis Castro, +44 (0) 203 206 7209Tim Graham, +44 (0) 203 206 7206orBlythe Weigh Communications (Public Relations and Investor Relations)Tim Blythe: +44 (0) 207 138 3205Ana Ribeiro: +44 (0) 207 138 3206Matthew Neal: +44 (0) 207 138 3224
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