Orosur Mining Inc Options Exercise and Sale of Shares (0249S)
March 12 2021 - 01:00AM
UK Regulatory
TIDMOMI
RNS Number : 0249S
Orosur Mining Inc
12 March 2021
Orosur Mining Inc.
Options Exercise and sale of shares
London, March 12, 2021, Orosur Mining Inc. ("Orosur" or "the
Company") (TSX/AIM: OMI), a South American-focused gold developer
and explorer announces that following the exercise of share options
by Orosur's legal counsel and corporate secretary, Joaquin Sarroca,
the Company will issue 168,334 New Common Shares which, on
Admission, will rank pari passu with the existing Common Shares. It
is expected that Admission of these New Common Shares will become
effective on or about March 17, 2021.
In large part to meet the exercise costs of these options, Mr.
Sarroca has sold 100,000 shares in the Company. As a result of the
exercise of options and the sale of shares, noted above, Mr.
Sarroca has increased his shareholding in the Company by 68,334
shares. He now holds 168,334 shares in the Company representing
0.09% of the Company's issued share capital.
Further to the issue of New Common Shares noted above, the total
number of common shares of no par value in the Company as at the
date of this announcement is 188,346,770. There are currently no
shares held in treasury. The total number of voting rights in the
Company is therefore 188,346,770. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company.
F or further information, please contact:
Orosur Mining Inc
Louis Castro, Chairman,
Brad George, CEO
info@orosur.ca
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad & Joint Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker/Zoe Alexander
Tel: +44 (0)20 3657 0050
Flagstaff Communications and Investor 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: OMI; AIM: OMI) is a precious metals
developer and explorer focused on identifying and advancing gold
projects in South America. The Company operates in Colombia and
Uruguay.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of PDMR / person closely associated with them
1. ( 'PCA')
a) Name Joaquin Sarroca
--------------------------------- ------------------------------------------------
2. Reason for notification
-----------------------------------------------------------------------------------
a) Position / status Legal counsel and Company Secretary
--------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/ amendment
--------------------------------- ------------------------------------------------
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
-----------------------------------------------------------------------------------
c) Description Common shares of no par value each
of the financial
instrument ISIN: CA6871961059
--------------------------------- ------------------------------------------------
d) Nature of the Exercise of options and Sale of shares
transaction
--------------------------------- ------------------------------------------------
e) Price(s) and Price(s) Volume(s)
volume(s) 1. Exercise of
options :
75,000
Cdn$ 0.235 93,334
100,000
Cdn$ 0.05
2. Sale of shares:
Cdn$ 0.3525
--------------------------------- ------------------------------------------------
f) Aggregated information
Aggregated See above.
volume
Price
--------------------------------- ------------------------------------------------
g) Date of the 10 March 2021
transaction
--------------------------------- ------------------------------------------------
h) Place of the AIM and TSX
transaction
--------------------------------- ------------------------------------------------
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END
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