Director Dealings and Exercise of Options

RNS Number : 1462I

Orosur Mining Inc

10 December 2020

 

Orosur Mining Inc. ("Orosur" or the "Company")

Director Dealings and Exercise of Options

London, 10th December 2020. Orosur Mining Inc (TSX/AIM:OMI) announces that on 9 December 2020, Brad George, CEO of the Company, acquired 50,000 common shares of no par value each in the Company ("Common Shares"), Louis Castro, Non-Executive Chairman, acquired 47,000 Common Shares, and Thomas Masney (Non-Executive Director) acquired 10,000 Common Shares.

Following these purchases,   Brad George   is interested in 50,000 Common Shares, representing 0.03 per cent. of the Company's issued share capital, Louis Castro is interested in 47,000 Common Shares representing 0.03 per cent. of the Company's issued share capital, and Thomas Masney is interested in 10,000 Common Shares, representing 0.005 per cent. of the Company's issued share capital.

Exercise of options

The Company has also approved the issue of 100,000 Common Shares following the exercise of options by an employee.

Application has been made for the 100,000 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 15 December 2020.

Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 187,158,753 Common Shares in issue. Shareholders may 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 to their interest in, the issued share capital of the Company.

Following Admission, the Company will have 2,748,315 options outstanding.

F or further information, please contact:

Orosur Mining Inc

Louis Castro, Chairman,

Brad George, CEO

[e-mail]

Tel: [phone]

SP Angel Corporate Finance LLP - Nomad & Joint Broker

Jeff Keating / Caroline Rowe

Tel: [phone]

Turner Pope Investments (TPI) Ltd  - JointBroker

Andy Thacker

Tel: [phone]

Flagstaff Communications and Investor Communications

Tim Thompson

Mark Edwards

Fergus Mellon

[e-mail]

Tel: [phone]

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: OMI; AIM: OMI) is a precious metals developer and explorer focused on identifying and advancing gold projects in South America. The Company operates in Colombia and Uruguay.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of PDMR / person closely associated with them ( 'PCA')
a)	Name	1.  B rad George 2.  Louis Castro 3. Thomas Masney 4. Joaquin Sarroca
2.	Details of PDMR / person closely associated with them ( 'PCA')
a)	Position / status	1.  CEO 2.  Non-Executive Chairman 3. Non-Executive Director 4. Legal counsel
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
c)	Description of the financial instrument	Common shares of no par value each ISIN: CA6871961059
d)	Nature of the transaction	1 , 2 and 3. Purchase of shares 4. Exercise of options
e)	Price(s) and volume(s)	Price(s) Volume(s) 1. 19.872p 2.  20.15p 3. Cdn$ 0.34 4. Cdn$ 0.105 50,000 47,000  10,000  100,000
f)	Aggregated information  Aggregated volume  Price	See above.
g)	Date of the transaction	9 December 2020
h)	Place of the transaction	1,2 and 3. AIM 4. Off market transaction

 

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