Orosur Mining Inc: Shares Issueance and Annual Stock Option Grant

SANTIAGO, Chile--()--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 2,920,000 stock options to directors, officers and employees.

Orosur officers and employees were granted a total of 2,070,000 stock options and the balance equivalent to 850,000 stock options were granted to the following Directors:

               
  Directors & Officers     Number of options  
  Ignacio Salazar, CEO and director     200,000
John Walmsley, Chairman and independent director 125,000
Roger Davey, Independent director 125,000
H.D. Lee, Independent director 125,000
Pablo Marcet, Non-executive director 125,000
  Ryan Cohen, VP, Corporate Development     150,000  
  Total     850,000  
 

All options are exercisable at a price of Cdn$0.105 per common share, on or before January 20, 2021. The options will vest in three equal parts: the first part immediately and the second and third parts on January 20, 2017 and January 20, 2018, respectively.

The Company also issued 2,103,894 common shares (the “Shares”) to satisfy the termination consideration with Mr. Pablo Marcet, as previously announced on December 1, 2015, bringing Mr. Marcet’s total share ownership to 2,188,269, or 2.22% of the 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 27 January 2016 in respect of the Shares.

Following Admission, the total number of common shares currently issued and outstanding will be 98,738,975 and the total number of options outstanding is 7,932,500 following the options grant.

For more information please visit www.orosur.ca.

Contacts

Orosur Mining Inc
Ignacio Salazar, Chief Executive Officer
info@orosur.ca
Tel: + 562 2924 6800
or
Cantor Fitzgerald Europe
Stewart Dickson / Jeremy Stephenson
Tel: +44 (0) 20 7894 7000
or
FTI Consulting
Ben Brewerton / Oliver Winters / Sara Powell
Tel: +44 (0) 20 3727 1000

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