Last checked at 14 Oct 2010 14:00
Orosur Mining Inc. Stock Options Grant
MONTEVIDEO, Uruguay, October 14, 2010. Orosur Mining Inc. ("OMI" or the "Company") (TSX VENTURE:OMI) (LSE: OMI) announces that it has granted an aggregate of 1,830,000 stock options to Directors, Officers and employees exercisable at a price of CDN$ 0.75 per Common Share on or before October 14, 2015.
OMI officers and employees were granted a total of 780,000 stock options and the balance equivalent to 1,050,000 stock options were granted to the following Directors:
| Director | Number of Options Granted | |
| Mario Caron | 100,000 | |
| David Fowler | 400,000 | |
| Ignacio Salazar | 400,000 | |
| Julio Porteiro | 50,000 | |
| William Lindqvist | 50,000 | |
| Roger Davey | 50,000 |
The stock options were granted on October 14, 2010 fixing the exercise price as of the close price of OMI Common Shares at the TSX-V on October 13, 2010. The options will vest in three equal parts: the first part immediately and the second and third parts on October 14, 2011 and October 14, 2012.
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).
For further information, please contact:
Orosur Mining Inc
David Fowler, CEO
Ignacio Salazar, CFO +598 2601 6354; info@orosur.ca
Matrix Corporate Capital LLP (Nominated Adviser & Broker)
Louis Castro, +44 (0) 203 206 7209
Tim Graham, +44 (0) 203 206 7206
Blythe Weigh Communications
Tim Blythe: +44 (0) 7816 924626
Ana Ribeiro: +44 (0) 7980 321505
Matthew Neal: +44 (0) 7917 800011
Copyright Business Wire 2010