REG - Orosur Mining Inc - Annual Stock Options Issuance

Orosur MiningAnnouncement

11/03/2022 15:00

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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 financial instrument, type of instrument  Options to subscribe for new common shares of no par value
 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

 

 

For 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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