Orosur Mining Orosur Mining Inc: Share Issuance and Stock Option Grant

 
TIDMOMI 
 
 

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 83,680 stock options ("Options") and 54,480 common shares ("Shares") to directors and officers in lieu of 20% of their standard cash compensation for the period commencing June 1, 2016 and ending August 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$0.28 per common share, on or before September 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   Options  Shares Issued  TotalOptions  TotalShares  Ownership¹ 
&Officers   Granted 
John        15,215   -              898,862       140,350      0.14% 
Walmsley 
Roger       9,948    -              523,295       23,500       0.02% 
Davey 
H.D. Lee    -        9,363          425,000       52,954       0.05% 
Pablo       -        7,022          575,000       1,222,360    1.23% 
Marcet 
Ignacio     58,517   -              1,684,082     773,000      0.78% 
Salazar 
Ryan        -        38,095         600,000       184,938      0.19% 
Cohen 
Total       83,680   54,480         4,706,239     2,397,102    2.41% 
 
 

Note 1: Percentage interest 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, September 2016 in respect of the Shares. Following Admission, the total number of common shares currently issued and outstanding will be 99,613,458 and the total number of options outstanding is 6,616,239 following the options grant.

For more information, please visit www.orosur.ca.

Orosur Mining IncIgnacio Salazar, Chief Executive [e-mail]: [phone]

Cantor Fitzgerald EuropeStewart Dickson / Carrie Drummond / Philip DaviesTel: [phone]

FTI ConsultingBen Brewerton / Oliver Winters / Sara PowellTel: [phone]

View source version on businesswire.com: http://www.businesswire.com/news/home/20160831006533/en/

 
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(END) Dow Jones Newswires

September 01, 2016 02:00 ET (06:00 GMT)