22 Oct 2010 07:00
Orosur Mining Inc. ("OMI" or the "Company") (TSX-V: OMI) (LSE: OMI) announces that on 21 October 2010, Mr. Mario Caron, Chairman of the Company, exercised 50,000 options to purchase 50,000 Common Shares of the Company ("Common Shares") at an exercise price of CAD $ 0.61 each. Following this purchase Mr. Caron has an interest in 50,000 Common Shares representing 0.07% of the Company's issued share capital.
In addition, following the exercise of options by an employee, the Company has issued a further 4,500 Common Shares at an exercise price of CAD $ 0.60 per share.
Application has been made for 54,500 new Common Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence on 27 October 2010 in respect of those Common Shares. On Admission, the Company will have 64,849,926 Ordinary Shares in issue.
Also, on 21 October, 2010, Mr. Luis Tondo, Chief Operating Officer of the Company, has purchased in the market 39,000 Common Shares at C$ 1.00 each.
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 2 6016354info@orosur.caorMatrix Corporate Capital LLPLouis Castro, +44 (0) 203 206 7209Tim Graham, +44 (0) 203 206 7206orIn North AmericaForbes West 416-203-2200forbes@sherbournegroup.ca
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Orosur Mining (OMI)