REG - Orosur Mining Inc - Block Listing Application

Orosur MiningAnnouncement

08/01/2025 07:00

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RNS Number : 4840S  Orosur Mining Inc  08 January 2025

 

 

 

Orosur Mining Inc

 

Block Listing Application

 

London, 08 January, 2025, Orosur Mining Inc. ("Orosur" or "the Company")
(AIM/TSXV: OMI), a minerals explorer and developer with projects in Colombia,
Argentina and Nigeria, announces that, a block listing application ("Block
Listing") has been made to the London Stock Exchange for up to 31,848,219
common shares of no par value each in the Company ("New Common Shares") to be
admitted trading on AIM.

 

Forming part of the Company's successful capital raisings in February,
September and December 2024, the Company has in issue a total of 31,848,219
 unlisted investor and broker warrants yet to be exercised. Further details
are set out below:

 

 Capital Raising           No. Issued  No. exercised  Price   Date exercisable until  Outstanding

                                                      US$
 Feb 24 Investor Warrants  16,949,152  2,677,966      0.0558  21 Feb 2026             14,271,186
 Feb 24 Broker Warrants    1,694,915   1,694,915      0.0372  21 Feb 2029             -
 Oct 24 Investor Warrants  15,017,985  2,338,488      0.0494  4 Oct 2026              12,679,497
 Oct 24 Broker Warrants    3,003,597   -              0.0372  4 Oct 2029              3,003,597
 Dec 24 Broker Warrants    1,893,939   -              0.0832  18 Dec 2029             1,893,939
                                                      TOTAL                           31,848,219

 

The Block Listing has been filed to enable holders of the Company's warrants
to continue to voluntarily exercise them without the need for the issue of a
separate RNS and admissions filing each time this occurs. The Company will
notify on a monthly basis when there are changes to the issued share capital
of the Company, and these monthly figures may be used by shareholders as the
denominator for the calculation 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. The Company will also make six-monthly
announcements regarding the utilisation of the block admission in line with
its obligations under AIM Rule 29. It is expected that the Block Listing will
be effective on or around 13 January 2025.

 

If and when issued, the New Common Shares will rank pari passu in all respects
with the existing common shares of the Company.

 

 

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 / Devik Mehta

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.

 

About Orosur Mining Inc.

 

Orosur Mining Inc. (TSXV: OMI; AIM: OMI) is a minerals explorer and developer
currently operating in Colombia, Argentina and Nigeria.

 

Forward Looking Statements

 

All statements, other than statements of historical fact, contained in this
news release constitute "forward looking statements" within the meaning of
applicable securities laws, including but not limited to the "safe harbour"
provisions of the United States Private Securities Litigation Reform Act of
1995 and are based on expectations estimates and projections as of the date of
this news release.

 

Forward-looking statements include, without limitation, the continuing focus
on the Pepas prospect, the exploration plans in Colombia and the funding of
those plans, and other events or conditions that may occur in the future.
There can be no assurance that such statements will prove to be accurate.
Actual results and future events could differ materially from those
anticipated in such forward-looking statements. Such statements are subject to
significant risks and uncertainties including, but not limited to those
described in the Section "Risks Factors" of the Company's MD&A for the
year ended May 31, 2024. The Company's continuance as a going concern is
dependent upon its ability to obtain adequate financing, to reach profitable
levels of operations and to reach a satisfactory closure of the Creditor´s
Agreement in Uruguay. These material uncertainties may cast significant doubt
upon the Company's ability to realize its assets and discharge its liabilities
in the normal course of business and accordingly the appropriateness of the
use of accounting principles applicable to a going concern. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events and such
forward-looking statements, except to the extent required by applicable law.

 

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