Orosur Mining Inc: Share Issuance and Stock Option Grant
01 September 2016 - 4:00PM
Business Wire
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 &Officers
Options Granted
Shares Issued
TotalOptions
TotalShares
Ownership¹
John Walmsley 15,215 - 898,862 140,350
0.14% Roger Davey 9,948 - 523,295 23,500 0.02% H.D. Lee -
9,363 425,000 52,954 0.05% Pablo Marcet - 7,022 575,000 1,222,360
1.23% Ignacio Salazar 58,517 - 1,684,082 773,000 0.78% Ryan Cohen
- 38,095 600,000 184,938 0.19%
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160831006538/en/
Orosur Mining Inc.Ignacio Salazar, +1 778-373-0100Chief
Executive Officerinfo@orosur.caorCantor Fitzgerald
EuropeStewart Dickson / Carrie Drummond / Philip Davies+44 (0)
20 7894 7000orFTI ConsultingBen Brewerton / Oliver Winters /
Sara Powell+44 (0) 20 3727 1000
Orosur Mining (LSE:OMI)
Historical Stock Chart
From Apr 2024 to May 2024
Orosur Mining (LSE:OMI)
Historical Stock Chart
From May 2023 to May 2024