New Director Option Issuance

RNS Number : 2876N

Orosur Mining Inc

29 January 2021

 

Orosur Mining Inc. - New Director Option Issuance

London, January 29, 2021, Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM: OMI), a South American-focused gold developer and explorer announces the granting of 300,000 stock options ("Options") to the Company's recently appointed non-executive director, Mr. Nick von Schirnding, upon recommendation and authorisation by the Company's Board of Directors.

The Options shall vest in two equal parts: the first part immediately and the second on January 29, 2022. The Options are exercisable at a price of Cdn$0.46 per common share, on or before January 29, 2026. Pricing is based on the closing price of the Orosur's shares on January 28, 2021 on the Toronto Stock Exchange.

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 - Joint Broker

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 associated closely with them:

1	Details of person discharging managerial responsibilities/person closely associated
a)	Full Name	Nick von Schirnding
2	Reason for notification
a)	Position/Status	Non-Executive Director
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	Options to subscribe for new common shares of no par value
b)	Identification code	ISIN:   CA6871961059
c)	Nature of transaction	Grant of options
d)	Prices and volumes	300,000 @ Cdn$0.46
e)	Aggregated information	Single transaction - see above.
f)	Date of transaction	January 28 th , 2021
g)	Place of transaction	Outside of trading venue

 

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