REG - Orosur Mining Inc - Exercise of Warrants

Orosur MiningAnnouncement

30/12/2024 17:30

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RNS Number : 6532R  Orosur Mining Inc  30 December 2024

 

 

 

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 19(th) December and the
shares to be admitted on 3(rd) 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 (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

 

 

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.

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