REG - Orosur Mining Inc - AGM Results & Investor Q&A Session

Orosur MiningAnnouncement

12/12/2024 15:30

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RNS Number : 9169P  Orosur Mining Inc  12 December 2024

 

 

 

Orosur Mining Inc

 

AGM Results

Investor Q&A Session

 

London, 12 December, 2024, Orosur Mining Inc. ("Orosur" or "the Company")
(AIM/TSXV: OMI), a minerals explorer and developer with projects in Colombia,
Argentina and Nigeria, announces that at the Company's Annual General Meeting
("AGM") held earlier today, all resolutions put to shareholders were duly
passed.

 

Details of the voting are set out below:

 

AGM Voting Results

 

At the AGM, a total of 49,022,607 common shares of the 235,620,423 shares
outstanding as at the record date of November 4(th) 2024, were voted at the
meeting, representing approximately 20.8% of the then issued and outstanding
common shares of the Company. The votes cast were as follows:

 

 ORDINARY BUSINESS                                                               FOR         AGAINST  VOTES WITHELD  VOTES FOR

%
 to set the number of directors of the Company for the ensuing year at four (4)  48,918,190  177,937  0              99.64%
 members;
 to elect Louis Castro as a director of the Company to hold office for the       48,584,121  0        242,844        99.50%
 ensuing year;
 to elect Bradley George as a director of the Company to hold office for the     48,584,121  0        242,844        99.50%
 ensuing year;

 to elect Thomas Masney as a director of the Company to hold office for the      47,898,919  0        131,046        99.73%
 ensuing year;

 to elect Nick von Schirnding as a director of the Company to hold office for    47,899,188  0        130,777        99.73%
 the ensuing year;

 to appoint Baker Tilly WM LLP, as the auditors of the Company for the ensuing   49,022,607  0        73,621         99.85%
 year and, to authorise the board of directors to fix the auditors'

 remuneration;
 to approve the cancellation of existing stock options and the issue of          48,617,928  208,937  0              99.57%
 Deferred Share Units under the Company's Equity Incentive Plan and related
 matters.

 

Issue of DSUs upon cancellation of options

 

Upon recommendation of the Company's Remuneration Committee and pursuant to
the resolution approved by shareholders at today's AGM, the Company has
granted 970,000 deferred share units ("DSUs") to replace 3,440,000 stock
options which have now been cancelled, full details of which are set out in
the Company's 2024 Management Information Circular available on its website.

 

Of the 970,000 DSUs issued, 850,000 DSUs were granted to Louis Castro (who now
holds 1,800,000 options and 850,000 DSUs) and 120,000 DSUs were granted to
Nick von Schirnding (who now holds 450,000 options and 120,000 DSUs).
Following the issuance of DSUs and cancellation of options, the total number
of shares under option, restricted share units ("RSUs") and DSUs is 10,988,332
which represents 4.6% of the non-diluted issued share capital of the Company.

 

 

 Investor Q&A session

 

Orosur is pleased to remind shareholders that Louis Castro, Chairman and Brad
George, Chief Executive Officer, will be holding a live Investor Q&A
session via the Investor Meet Company platform on 16 December 2024 at 5.30 pm
(UK local time).

 

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via your Investor Meet Company dashboard up until
9am (UK Local Time) the day of the meeting or at any time during the live
presentation.

 

Investors can sign up to the Investor Meet Company platform via :

 

https://www.investormeetcompany.com/orosur-mining-inc/register-investor
(https://www.investormeetcompany.com/orosur-mining-inc/register-investor)

 

Investors who already follow Orosur on the Investor Meet Company platform will
automatically be invited.

 

 

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.         Nick von Schirnding

 2   Reason for notification
 a)  Position/Status                                              i)          Chairman

                                                                  ii)         Non-Executive Director

 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 financial instrument, type of instrument   Granting of Deferred Share Units ("DSUs")
 b)  Identification code                                          ISIN: CA6871961059
 c)  Nature of transaction                                        Grant of DSUs
 d)  Prices and volumes                                           i)          850,000 DSUs

                                                                  ii)         120,000 DSUs

 e)  Aggregated information                                       970,000 DSUs at nil price
 f)  Date of transaction                                          December 12th, 2024
 g)  Place of transaction                                         Outside of trading venue

 

 

For further information, visit www.orosur.ca (http://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

 

 

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term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

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