Orosur Mining Inc. – New Director Option Issuance
Orosur Mining Inc. – New Director Option Issuance
Medellin, Colombia, May 4, 2020. Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), a South
American-focused gold developer and explorer announces the granting of an aggregate of 440,000 stock
options (“Options”) to the Company’s two new Directors upon recommendation and authorisation by the
Company’s Board of Directors.
Mr. Brad George and Mr. Louis Castro were granted a total of 440,000 Options, which shall vest in three equal
parts: the first part immediately and the second and third parts on May 4, 2021 and May 4, 2022, respectively.
All Options are exercisable at a price of C$0.04 per common share, on or before May 4, 2025. Pricing is based
on the closing price of the Orosur’s shares on May 1, 2020 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
Louis Castro 240,000 240,000 - -
Brad George 200,000 200,000 - -
H.D. Lee - 475,000 64,386 0.04%
Ignacio Salazar - 1,414,544 723,000 0.45%
Victor Hugo - 75,000 - -
Ryan Cohen - 485,000 231,452 0.14%
Total 440,000 2,889,544 1,018,838 0.64%
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 / Caroline Rowe
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.
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.
2
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. Louis Castro
ii. Brad George
iii.
2 Reason for notification
a) Position / Status
i. Chairman of the Board
ii. Non-Executive Director
iii.
b)
Initial
Notification/Amendm
ent
Initial
3 Details of the issu er, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name Orosur Mining Inc.
b) LEI 213800CRYQM3M8G1OI19
4
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. 240,000
ii. 200,000
i. C$0.04
ii. C$0.04
e) Aggregated
information:
- Aggregated volume
- Price
Volume(s) Price(s)
440,000 C$0.04
3
f) Date of the
transaction 4 May 2020
g) Place of the
transaction Outside of trading venue