Admission, issue of new common shares
Orosur Mining Inc.
Admission, issue of new common shares
London, 30 December 2024 . Orosur Mining Inc. ("Orosur" or the "Company") (TSX -
V/AIM:OMI) is pleased to announce that further to the Company's announcement made on
19th December 2024, 18,939,394 new common shares of no par value in the Company (the
"New Common Shares") have been admitted to trading on AIM today ("Admission"), at a
placing price of £0.066 (CAD$0.12).
Following the issue of the New Common Shares, which will rank pari passu with the existing
common shares of the Company, the total number of common shares issued and outstanding
with voting rights in the Company will be 256,158,737.
The figure of 256,158,737 common shares may therefore be used by shareholders as the
denominator for the calculation by which they may determine if they are required to notify
their interest in, or a change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
For further details in relation to the placing, including the gross amount raised, and intended
use of proceeds, please see the Company's press release from 19th December 2024.
Broker´s Fees
Turner Pope Investments (TPI) Ltd ("TPI"), the Company's joint broker, received a fee of six
(6) per cent. of the funds raised in the placing (£75,000) and a corporate finance fee of
£30,000 which also covers its legal expenses. TPI also received 1,893,939 broker warrants
equal in number to ten per cent. of the New Common Shares, exercisable at the placing price
at TPI's option at any time in the five years following Admission.
For further information, visit www.orosur.ca, follow on X @orosurm or please contact:
Orosur Mining Inc
Louis Castro, Chairman,
Brad George, CEO
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad & Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker/James Pope
Tel: +44 (0)20 3657 0050
Flagstaff Communications
Tim Thompson
Mark Edwards
Fergus Mellon
[email protected] Tel: +44 (0)207 129 1474
The information contained within this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawa l) Act 2018. Upon the publication of
this announcement via Regulatory Information Service ('RIS'), this inside information is now considered
to be in the public domain.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Orosur Mining Inc.
Orosur Mining Inc. (TSXV: OMI; AIM: OMI) is a minerals explorer and developer currently operating in
Colombia, Argentina and Nigeria.
Forward Looking Statements
All statements, other than statements of historical fact, contained in this news release constitute
"forward looking statements" within the meaning of applicable securities laws, including but not limited
to the "safe harbour" provisions of the United Stat es Private Securities Litigation Reform Act of 1995
and are based on expectations estimates and projections as of the date of this news release.
Forward-looking statements include, without limitation, the continuing focus on the Pepas prospect, the
exploration plans in Colombia and the funding of those plans, and other events or conditions that may
occur in the future. There can be no assurance tha t such statements will prove to be accurate. Actual
results and future events could differ materially from those anticipated in such forward -looking
statements. Such statements are subject to significant risks and uncertainties including, but not limited
to those described in the Section "Risks Factors" of the Company's MD&A for the year ended May 31,
2024. The Company's continuance as a going concern is dependent upon its ability to obtain adequate
financing, to reach profitable levels of operations and to reach a satisfactory closure of the Creditor´s
Agreement in Uruguay. These material uncertainties may cast significant doubt upon the Company's
ability to realize its assets and discharge its liabilities in the normal course of business and accordingly
the appropriateness of the use of accounting principles applicable to a going concern. The Company
disclaims any intention or obligation to update or revise any forward -looking statements whether as a
result of new information, future events and such forward -looking statements, except to the extent
required by applicable law.