Orosur Mining Inc – Share Issuance
(“Orosur” or “the Company”) (TSX: OMI) (AIM: OMI) announces the issuance of 10,000,000 common shares pursuant to the Company’s previously announced payment plan agreement between the Company’s wholly-owned subsidiary, (“Loryser”) and Loryser’s creditors (the “Agreement”)
CREDITOR SHARE ISSUANCE
On , 10,000,000 common shares were issued to a trust for the benefit of Loryser’s creditors as contemplated in the court-approved Agreement.
Application has been made for the new common shares to be admitted to trading on AIM. It is expected that Admission will become effective at on or around . If Admission is delayed, any variations to this timetable will be announced via a .
As a result of the share issuance and annual stock option grant, the number of common shares issued and outstanding is 160,277,672 and the total number of options is 9,110,759 and warrants outstanding is 8,370,251. The common shares issued to the trust are subject to a hold period expiring four months and one day following the issuance date in accordance with applicable Canadian securities laws.
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.
(TSX: OMI; AIM: OMI) is a precious metals developer and explorer focused on identifying and advancing gold projects in . The Company operates in and .
, Chief Executive Officer
, VP Corporate Development
Tel: +1 (778) 373-0100
Tel: +44 (0)20 3 470 0470– Nomad & Joint Broker
Quick facts: Orosur Mining Inc
Market Cap: £5.29 m
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