logo-loader
RNS
viewOrosur Mining Inc

Orosur Mining Inc. – Annual Option Issuance

--(BUSINESS WIRE)--  MEDELLIN, Colombia

(“Orosur” or “the Company”) (TSX: OMI) (AIM: OMI) announces the granting of an aggregate of 1,460,000 stock options (“Options”) to directors, officers and employees, upon recommendation of the Company’s Remuneration Committee.Orosur Mining Inc.

ANNUAL STOCK OPTION GRANT

Officers and employees were granted a total of 1,245,000 Options and the balance equivalent to 215,000 Options were granted to Directors pursuant to the annual grant, which shall vest in three equal parts: the first part immediately and the second and third parts on and , respectively.November 14, 2020November 14, 2021

All Options are exercisable at a price of per common share, on or before . Pricing is based on the closing price of the Orosur’s shares on on the .C$0.05November 14, 2024November 14, 2019Toronto Stock Exchange

A summary of Director and Officer option grants and resultant interests is as follows:

Note 1: Percentage interest in total number of common shares currently issued and outstanding
Note 2: Pursuant to Market Abuse Regulation, individual notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them is contained at the end of this press release.

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 , this inside information is now considered to be in the public domain. If you have any queries on this, then please contact , VP Corporate Development of the Company (responsible for arranging release of this announcement on behalf of the Company) on: +1 (778) 373-0100.Regulatory Information ServiceRyan Cohen

AboutOrosur Mining Inc.

(TSX: OMI; AIM: OMI) is a precious metals developer and explorer focused on identifying and advancing gold projects in . The Company operates in and .Orosur Mining Inc.South AmericaColombiaUruguay

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

, Chief Executive Officer , VP Corporate Development Tel: +1 (778) 373-0100Orosur Mining Inc



Ignacio SalazarRyan Cohen[email protected]

/ Tel: +44 (0)20 3 470 0470– Nomad & Joint BrokerSP Angel Corporate Finance LLP

Jeff KeatingStephen Wong

Orosur Mining Inc.

Source:Orosur Mining Inc.

Directors & Officers

 

Options Granted

 

Total Options

 

Total Shares

 

Ownership¹

Robert Schafer

 

115,000

 

315,000

 

-

 

-

H.D. Lee

 

100,000

 

775,000

 

64,386

 

0.04%

Ignacio Salazar

 

215,000

 

2,114,544

 

723,000

 

0.48%

Victor Hugo

 

75,000

 

75,000

 

-

 

-

Ryan Cohen

 

75,000

 

685,000

 

231,452

 

0.15%

Total

 

580,000

 

3,964,544

 

1,018,838

 

0.68%

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Full name of person Dealing

  1. Robert Schafer
  2. Horng Dih Lee
  3. Ignacio Salazar
  4. Victor Hugo
  5. Ryan Cohen

2

Reason for notification

a)

Position / Status

  1. Chairman of the Board
  2. Director
  3. CEO & Director
  4. CFO
  5. VP,Corporate Development & Corporate Secretary

b)

Initial Notification/Amendment

Amendment

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Orosur Mining Inc.

b)

LEI

N/A

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 ordinary share of no par value

b)

Identification code

CA6871961059

c)

Nature of the transaction

Grant of options

 

 

 

 

Volume(s)

Price(s)

i. 115,000

i.C$0.05

d)

Price(s) and volumes(s)

ii. 100,000

ii.C$0.05

iii. 215,000

iii.C$0.05

iv. 75,000

iv.C$0.05

v. 75,000

v.C$0.05

 

e)

Aggregated information:

 

- Aggregated volume

Volume(s)

Price(s)

- Price

580,000

C$0.05

 

f)

Date of the transaction

14 November 2019

g)

Place of the transaction

Outside of trading venue

Quick facts: Orosur Mining Inc

Price: 3.3

Market: AIM
Market Cap: £5.29 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE