TIDMOMI
RNS Number : 5479E
Orosur Mining Inc
11 March 2022
Orosur Mining Inc.
Annual Stock Options Issuance
London, March 11th, 2022 . Orosur Mining Inc. ("Orosur" or "the
Company") (TSXV: OMI) (AIM: OMI) announces the granting of an
aggregate of 4,120,000 stock options ("Options") to directors,
officers and employees, upon recommendation of the Company's
Remuneration Committee and in line with the stock option plan as
approved by shareholders at the Annual General Meeting held in
December 2021.
ANNUAL STOCK OPTION GRANT
Officers and employees were granted a total of 1,720,000 Options
and 2,400,000 Options were granted to Directors pursuant to the
annual grant. The Options shall vest in two equal parts: the first
part immediately and the second part on the anniversary on the date
of this grant.
All Options are exercisable at a price of Cdn$0.22 per common
share, on or before March 11th, 2027. The exercise price is at a
22% premium to the closing price of Orosur's shares on March 10th,
2022 on the TSX Venture Exchange.
Further to this issue of Options, the total number of shares
under option is 11,639,999 which represents 6.2% of the non-diluted
issued share capital of the Company.
A summary of Director and Officer option grants and resultant
interests is as follows:
Directors & Officers Options Granted Total Options Total Shares Ownership(1)
---------------------- ---------------- -------------- ------------- -------------
Louis Castro 900,000 2,840,000 95,000 0.05%
Brad George 900,000 2,800,000 112,000 0.06%
Thomas Masney 300,000 600,000 10,000 0.005%
Nick von Schirnding 300,000 600,000 - 0%
Victor Hugo 100,000 275,000 - 0%
Joaquín Sarroca 400,000 1,231,666 50,344 0.027%
Total 2,900,000 8,346,666 267,344 0.142%
---------------------- ---------------- -------------- ------------- -------------
Note 1: Percentage interest in total number of common shares
currently issued
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons associated
closely with them:
1 Details of person discharging managerial responsibilities/person
closely associated
a) Full Name i. Louis Castro
ii. Bradley George
iii. Thomas Masney
iv. Nick von Schirnding
v. Joaquin Sarroca
vi. Vic Hugo
------------------------------- -------------------------------------------------
2 Reason for notification
----------------------------------------------------------------------------------
a) Position/Status i) Chairman of the Board
ii) CEO and Director
iii) Non-Executive Director
iv) Non-Executive Director
v) Company Secretary and Corporate Counsel
vi) CFO
------------------------------- -------------------------------------------------
b) Initial notification/amendment Initial notification
------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Orosur Mining Inc
------------------------------- -------------------------------------------------
b) LEI 213800CRYQM3M8G1OI19
------------------------------- -------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted.
----------------------------------------------------------------------------------
a) Description of the Options to subscribe for new common shares
financial instrument, of no par value
type of instrument
------------------------------- -------------------------------------------------
b) Identification code ISIN: CA6871961059
------------------------------- -------------------------------------------------
c) Nature of transaction Grant of options
------------------------------- -------------------------------------------------
d) Prices and volumes i) 900,000 @ Cdn$0.22
ii) 900,000 @ Cdn$0.22
iii) 300,000 @ Cdn$0.22
iv) 300,000 @Cdn$0.22
v) 400,000 @ Cdn$0.22
vi) 100,000 @ Cdn$0.22
------------------------------- -------------------------------------------------
e) Aggregated information 2,900,000 @ Cdn$0.22
------------------------------- -------------------------------------------------
f) Date of transaction March 11(th) , 2022
------------------------------- -------------------------------------------------
g) Place of transaction Outside of trading venue
------------------------------- -------------------------------------------------
F or further information, please contact:
Orosur Mining Inc
Louis Castro, Chairman,
Brad George, CEO
info@orosur.ca
Tel: +1 (778) 373-0100
Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker
Tel: +44 (0)20 3657 0050
SP Angel Corporate Finance LLP - Nomad & Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
Flagstaff Communications
Tim Thompson
Mark Edwards
Fergus Mellon
orosur@flagstaffcomms.com
Tel: +44 (0)207 129 1474
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 .
About Orosur Mining Inc.
Orosur Mining Inc. (TSX-V: OMI; AIM: OMI) is a minerals explorer
and developer focused on identifying and advancing projects in
South America. The Company currently operates in Colombia,
Argentina and Brazil.
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END
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