Source - BUS

Orosur Mining Inc: Share Issuance and Stock Option Grant

Orosur Mining

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 83,680 stock options (“Options”) and 54,480 common shares (“Shares”) to directors and officers in lieu of 20% of their standard cash compensation for the period commencing June 1, 2016 and ending August 31, 2016 (the “Period”), equivalent to an aggregate cash amount of US$29,512.50.

All Options are fully vested and are exercisable at a price of Cdn$0.28 per common share, on or before September 1, 2021. Pricing was determined by calculating the volume weighted average closing price of the Orosur’s shares on the Toronto Stock Exchange over the Period.

A Revised Summary of Director and Officers share interests is as follows:

Directors &
Officers

 

Options
Granted

 

Shares
Issued

 

Total
Options

 

Total
Shares

 

Ownership¹

John Walmsley   15,215   -   898,862   140,350   0.14%
Roger Davey 9,948 - 523,295 23,500 0.02%
H.D. Lee - 9,363 425,000 52,954 0.05%
Pablo Marcet - 7,022 575,000 1,222,360 1.23%
Ignacio Salazar 58,517 - 1,684,082 773,000 0.78%
Ryan Cohen   -   38,095   600,000   184,938   0.19%
Total   83,680   54,480   4,706,239   2,397,102   2.41%

Note 1: Percentage interest in 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 7, September 2016 in respect of the Shares. Following Admission, the total number of common shares currently issued and outstanding will be 99,613,458 and the total number of options outstanding is 6,616,239 following the options grant.

For more information, please visit www.orosur.ca.

Orosur Mining Inc
Ignacio Salazar, Chief Executive Officer
[email protected]
Tel: +1 (778) 373-0100

Cantor Fitzgerald Europe
Stewart Dickson / Carrie Drummond / Philip Davies
Tel: +44 (0) 20 7894 7000

FTI Consulting
Ben Brewerton / Oliver Winters / Sara Powell
Tel: +44 (0) 20 3727 1000

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