SANTIAGO, Chile–(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:
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 Inc.
Ignacio Salazar, +1 778-373-0100
Stewart Dickson / Carrie Drummond / Philip
+44 (0) 20 7894 7000
Brewerton / Oliver Winters / Sara Powell
+44 (0) 20 3727 1000