Orsu Metals Corporation: Grant of Options
02.09.2015 | Marketwired
LONDON, UNITED KINGDOM--(Marketwired - Sep 2, 2015) - Orsu Metals Corp. (the "Company") (TSX:OSU)(AIM:OSU), the London-based precious and base metals exploration and development company, announces the grant of 13,000,000 options to purchase common shares of no par value in the Company (each an "Option") to the Directors and senior management of the Company as follows:
| Name | No. of Options granted | No. of Options held after the grant |
| Directors | ||
| Dr Sergey V. Kurzin | 4,000,000 | 4,000,000 |
| Dr Alexander Yakubchuk | 3,000,000 | 3,000,000 |
| Mark Corra | 1,500,000 | 1,500,000 |
| Massimo Carello | 1,500,000 | 1,530,000 |
| David Rhodes | 1,500,000 | 2,000,000 |
| Senior management | ||
| Kevin Denham | 1,500,000 | 1,500,000 |
The Options were granted on September 2, 2015 and each Option entitles the grantee to purchase one common share at an exercise price of CAD$0.02. The Options vest immediately and may not be exercised later than September 2, 2020.
In addition, on the same date, a further 2,700,000 Options were issued to employees and consultants on the same terms as above.
Following the grant, as at the date of this announcement a total of 16,305,000 options remain outstanding, representing approximately 8.9% of the 182,696,049 common shares in issue (on an undiluted basis).
Contact
Orsu Metals Corp.
Kevin Denham
Chief Financial Officer and Company Secretary
+44 (0) 20 7518 3999
+44 (0)20 7518 3998
info@orsumetals.com
www.orsumetals.com
Canaccord Genuity Limited
Henry Fitzgerald O'Connor/Oliver Donaldson
+44 (0) 20 7523 8000