REG - Orosur Mining Inc - Granting of RSUs

Orosur MiningAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250502:nRSB1315Ha&default-theme=true

RNS Number : 1315H  Orosur Mining Inc  02 May 2025

 
 

 
Orosur Mining Inc.

 
                           Granting of RSUs

 

London, May 2, 2025 Orosur Mining Inc. ("Orosur" or "the Company") (TSXV: OMI)
(AIM: OMI) announces the granting of an aggregate of 7,550,000 Restricted
Stock Units ("RSUs") to directors, officers, employees and consultants, upon
recommendation of the Company's Remuneration Committee, in recognition of the
Company's recent performance and as incentivisation for future performance.

Further to the award of the RSUs set out above, the total number of shares
under Option, RSUs and DSUs is 18,538,332 which represents 5.9% of the
non-diluted issued share capital of the Company.

Award of Options and RSUs

In line with the Company's Equity Incentive Plan which was approved by
shareholders at the Company's AGM in December 2023, officers, employees and
consultants of the Company have been granted a total of 3,400,000 RSUs and
4,150,000 RSUs were also granted to Directors. The RSUs entitle the holder to
new common shares of the Company upon the vesting conditions for the RSU being
satisfied. There is no price paid for the RSUs and they expire three years
after the date of grant. The RSUs shall vest in two equal parts: half on the
first anniversary of this grant and half on the second anniversary.

A summary of Director and Officer RSU grants and resultant interests is as
follows:

 Directors & Officers                             Total RSUs DSUs and options held  % Shareholding currently held in the Company

                               RSUs awarded
 Louis Castro                  1,850,000          4,500,000                         0.07%
 Brad George                   1,400,000                3,290,000                   0.10%
 Thomas Masney                    450,000               870,000                     -
 Nick von Schirnding              450,000            1,020,000                      -

 Omar Gonzalez                    100,000               350,000                     -

 Joaquín Sarroca                  950,000                1,726,666                  0.04%

 Total                         5,200,000          11,756,666                        0.21%

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.         Omar Gonzalez
 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   Granting of Restricted Stock Units ("RSUs")
 b)  Identification code                                          ISIN: CA6871961059
 c)  Nature of transaction                                        Grant of RSUs
 d)  Prices and volumes                                           i)          1,850,000 RSUs

                                                                  ii)          1,400,000 RSUs

                                                                  iii)         450,000 RSUs

                                                                  iv)         450,000 RSUs

                                                                  v)         950,000 RSUs

                                                                  vi)         100,000 RSUs
 e)  Aggregated information                                       Grant of a total of 5,200,000 RSUs at nil price
 f)  Date of transaction                                          May 1, 2025
 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 & Broker

Jeff Keating / Jen Clarke / Devik Mehta

Tel: +44 (0) 20 3 470 0470

 

Turner Pope Investments (TPI) Ltd - Joint Broker

Andy Thacker/James Pope

Tel: +44 (0)20 3657 0050

 

Flagstaff Communications

Tim Thompson

Mark Edwards

Fergus Mellon

orosur@flagstaffcomms.com (mailto: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 Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHSSMFIFEISELI