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
Total Options
Total Shares
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/
Contact
Orosur Mining Inc. Ignacio Salazar, +1 778-373-0100 Chief Executive Officer info@orosur.ca or Cantor Fitzgerald Europe Stewart Dickson / Carrie Drummond / Philip Davies +44 (0) 20 7894 7000 or FTI Consulting Ben Brewerton / Oliver Winters / Sara Powell +44 (0) 20 3727 1000
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