Orosur Mining Inc: Shares Issuance and Stock Op...

Orosur Mining Inc: Shares Issuance and Stock Option Grant

Orosur Mining Inc.

Orosur Mining Inc: Shares Issuance and Stock Option Grant

SANTIAGO, Chile, June 1, 2016. Orosur Mining Inc. (“Orosur” or the “Company”) (TSX/AIM: OMI), a South American-focused gold producer, developer and explorer announces that it has granted an aggregate of 128,679 stock options (“Options”) and 83,777 common shares (“Shares”) to directors and officers in lieu of 20% of their standard cash compensation for the period commencing March 1, 2016 and ending May 31, 2016 (the “Period”), equivalent to an aggregate cash amount of US$29,512.50.

All Options are fully vested and are exercisable at a price of Cdn$0.18 per common share, on or before June 1, 2021. Pricing was determined by calculating the volume weighted average closing price of the Orosur’s shares on the Toronto Stock Exchange over the Period.

A Revised Summary of Director and Officers share interests is as follows:

Directors & Officers	Â	Options Granted	Â	Shares Issued	Â	Total Options	Â	Total Shares	Â	Ownership¹
John Walmsley		23,396		-		883,647		140,350		0.14%
Roger Davey		15,298		-		513,347		23,500		0.02%
H.D. Lee		-		14,398		515,000		43,591		0.04%
Pablo Marcet		-		10,799		762,500		2,215,338		2.24%
Ignacio Salazar		89,985		-		1,625,565		773,000		0.78%
Ryan Cohen		-		58,580		600,000		146,843		0.15%
Total		128,679		83,777		4,900,059		3,342,622		3.38%

Note 1: Percentage interst in total number of common shares currently issued and outstanding

Application has been made for the Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence on 7 June, 2016 in respect of the Shares. Following Admission, the total number of common shares currently issued and outstanding will be 98,948,978 and the total number of options outstanding is 7,805,059 following the options grant.

For more information please visit www.orosur.ca or contact:

Orosur Mining Inc

Ignacio Salazar, Chief Executive Officer

[e-mail]

Tel: [phone]

or

Cantor Fitzgerald Europe

Stewart Dickson / Carrie Drummond / Philip Davies

Tel: [phone]

or

FTI Consulting

Ben Brewerton / Oliver Winters / Sara Powell

Tel: [phone]

View source version on businesswire.com: http://www.businesswire.com/news/home/20160601006656/en/