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LONDON - Orosur Mining (LON:OMIN) Inc. (TSXV:OMI) (AIM:OMI), a South American-focused gold developer and explorer, has granted a total of 7,550,000 Restricted Stock Units (RSUs) to its directors, officers, employees, and consultants. This move, announced on May 2, 2025, follows the recommendation of the company’s Remuneration Committee and is aimed at recognizing the company’s recent performance and motivating future achievements.
The RSUs, which are part of the company’s Equity Incentive Plan approved at the December 2023 Annual General Meeting, grant the holder the right to receive new common shares of the company upon meeting vesting conditions. The RSUs will vest in two equal parts, with half on the first anniversary of the grant and the remainder on the second anniversary. These RSUs are granted at no cost to the recipients and will expire three years from the date of grant.
Following this award, the total number of shares under options, RSUs, and Deferred Share Units (DSUs) is now 18,538,332, which represents 5.9% of the company’s non-diluted issued share capital.
The breakdown of the RSU awards to the company’s management is as follows: Chairman of the Board, Louis Castro, received 1,850,000 RSUs; CEO and Director, Brad George, was awarded 1,400,000 RSUs; and other key officers and directors, including Thomas Masney, Nick von Schirnding, Omar Gonzalez, and Joaquín Sarroca, received varying amounts totaling 5,200,000 RSUs. The grants to the directors and officers account for a collective shareholding of 0.21% in the company.
Orosur Mining Inc., which trades on the TSX Venture Exchange and the AIM market of the London Stock Exchange (LON:LSEG), has not disclosed any further financial details related to the transaction. The RSU grant was conducted outside of a trading venue on May 1, 2025.
This strategic decision to issue RSUs aligns with Orosur’s goal to align the interests of its key personnel with those of its shareholders by incentivizing the continued success of the company. The information provided in this article is based on a press release statement from Orosur Mining Inc.
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