Annual Option Issuance
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Annual Option Issuance
Medellin, Colombia, November 19, 2019. Orosur Mining Inc. (“Orosur” or “the Company”) (TSX: OMI) (AIM:
OMI) announces the granting of an aggregate of 1,460,000 stock options (“Options”) to directors, officers
and employees, upon recommendation of the Company’s Remuneration Committee.
ANNUAL STOCK OPTION GRANT
Officers and employees were granted a total of 1,245,000 Options and the balance equivalent to 215,000
Options were granted to Directors pursuant to the annual grant, which shall vest in three equal parts: the
first part immediately and the second and third parts on November 14, 2020 and November 14, 2021,
respectively.
All Options are exercisable at a price of C$0.05 per common share, on or before November 14, 2024.
Pricing is based on the closing price of the Orosur’s shares on November 14, 2019 on the Toronto Stock
Exchange.
A summary of Director and Officer option grants and resultant interests is as follows:
Directors & Officers Options Granted Total Options Total Shares Ownership¹
Robert Schafer 115,000 315,000 - -
H.D. Lee 100,000 775,000 64,386 0.04%
Ignacio Salazar 215,000 2,114,544 723,000 0.48%
Victor Hugo 75,000 75,000 - -
Ryan Cohen 75,000 685,000 231,452 0.15%
Total 580,000 3,964,544 1,018,838 0.68%
Note 1: Percentage interest in total number of common shares currently issued and outstanding
Note 2: Pursuant to Market Abuse Regulation, individual notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them is contained at the end of this press release.
For further information, please contact:
Orosur Mining Inc
Ignacio Salazar, Chief Executive Officer
Ryan Cohen, VP Corporate Development
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP – Nomad & Joint Broker
Jeff Keating / Stephen Wong
Tel: +44 (0)20 3 470 0470
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 Regulatory
Information Service, this inside information is now considered to be in the public domain. If you have any queries on
this, then please contact Ryan Cohen, VP Corporate Development of the Company (responsible for arranging release
of this announcement on behalf of the Company) on: +1 (778) 373-0100.
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About Orosur Mining Inc.
Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals developer and explorer focused on
identifying and advancing gold projects in South America. The Company operates in Colombia and
Uruguay.
Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely associated
a) Full name of person
Dealing
i. Robert Schafer
ii. Horng Dih Lee
iii. Ignacio Salazar
iv. Victor Hugo
v. Ryan Cohen
2 Reason for notification
a) Position / Status
i. Chairman of the Board
ii. Director
iii. CEO & Director
iv. CFO
v. VP, Corporate Development & Corporate Secretary
b)
Initial
Notification/Amendm
ent
Amendment
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name Orosur Mining Inc.
b) LEI N/A
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a)
Description of the
financial instrument,
type of instrumen
Options to subscribe for new ordinary share of no par value
b) Identification code CA6871961059
c) Nature of the
transaction Grant of options
d) Price(s) and
volumes(s)
Volume(s) Price(s)
i. 115,000
ii. 100,000
iii. 215,000
iv. 75,000
v. 75,000
i. C$0.05
ii. C$0.05
iii. C$0.05
iv. C$0.05
v. C$0.05
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e) Aggregated
information:
- Aggregated volume
- Price
Volume(s) Price(s)
580,000 C$0.05
f) Date of the
transaction 14 November 2019
g) Place of the
transaction Outside of trading venue