Orosur Mining
Inc
Exercise of Warrants, Issue
of Shares and Total Voting Rights
London, 30 December, 2024, Orosur Mining
Inc. ("Orosur" or "the Company")
(AIM/TSXV: OMI), a minerals
explorer and developer with projects in Colombia, Argentina and
Nigeria, advises that, following an exercise of: 1,694,615 warrants
at an exercise price of US$0.0372 (approximately 2.952p) each;
559,712 warrants at an exercise price of US$0.0494 (approximately
3.921p) each; and, 2,677,966 warrants at an exercise price of
US$0.0558 (approximately 4.429p) each, the Company will, issue
4,932,593 new common shares of no par value each ("Common Shares")
for a total consideration of US$240,131.
Application will be made for the
4,932,593 Common Shares, which rank pari passu with the existing
Common Shares in issue, to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective
and dealings will occur at 8:00am UK time on or around 7
January 2025.
Following Admission, the Company's
new issued share capital will comprise 261,091,330 Common Shares.
This share figure includes the shares admitted earlier today as a
result of the placing announced on 19th December and the
shares to be admitted on 3rd January following the
Exercise of Warrants as announced on 24 December 2024. When
calculating voting rights, shareholders should use this figure as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in
their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
For
further information, visit www.orosur.ca, follow on X @orosurm or
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 3470 0470
Turner Pope Investments (TPI) Ltd - Joint
Broker
Andy Thacker/James Pope
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
Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
