Last checked at 16 Apr 2013 14:45
Orosur Mining Inc. ("OMI" or the "Company") (TSX: OMI) (LSE: OMI) announces that it has granted an aggregate of 550,000 stock options to purchase shares of the Company (“Common Shares”) to Directors, exercisable at a price referenced to the close price of OMI Common Shares on the TSX on 12 April 2013 as per the following:.
| Beneficiary | Number of Stock Options | Exercise Price per Common Share | |||
| Tony Shearer, Chairman | 250,000 | CAD 0.52 | |||
| Eric Roth, Director | 150,000 | CAD 0.52 | |||
| Rafael Vergara, Director | 150,000 | CAD 0.52 | |||
| TOTAL | 550,000 |
Separately, a consultant has been granted a block of 100,000 options to purchase Common Shares at a price of CAD1.10 and 150,000 options to purchase Common Shares at a price of CAD1.80.
The stock options were granted to the Directors and the consultant on April 15, 2013 and vest in three equal parts: the first part immediately and the second and third parts on April 15, 2014 and April 15, 2015, expiring on April 15, 2023.
ENDS
Orosur Mining IncTony Shearer, Chairman, + 44 7961 307 894tony@tonyshearer.comIgnacio Salazar, Interim Managing Director, + 562 2924 6800isalazar@orosur.caorCanaccord Genuity Limited (Nominated Adviser & Broker)Andrew Chubb/Ross Allister, +44 (0) 20 7523 8000
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 (OMI.TO) and London (OMI).
Copyright Business Wire 2013