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LONDON - Orosur Mining (LON:OMIN) Inc. (TSX/AIM:OMI), a South American-focused gold developer and explorer, has announced the issuance of 166,666 common shares following the exercise of options by its consultants. These newly issued shares represent 0.63% of the company's current issued share capital.
The exercise price for the options was set at C$0.06 per share. The company stated that these shares will rank equally with the existing common shares and that an application has been made for the shares to begin trading on the AIM market of the London Stock Exchange (LON:LSEG). Trading is expected to commence at 8:00 am UK time on or around February 24, 2025.
No current board members or company executives were reported to have exercised any options in this transaction.
Post-admission, Orosur Mining's total issued share capital will increase to 265,988,272 common shares. This figure is intended to be used by shareholders for the purpose of calculating notifications related to their interest in the company's issued share capital as per the Disclosure Guidance and Transparency Rules.
After these shares are admitted, Orosur will have a total of 5,128,334 options outstanding.
This news comes as a factual update on the company's share capital and is based on a press release statement from Orosur Mining Inc.
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