Orosur Mining Inc. issues shares after consultant exercises options
- Orosur Mining Inc. has issued 83,333 common shares after a consultant exercised options at C$0.06 each.
- The new shares will represent 0.03% of the Company’s total outstanding shares following their admission to trading.
- This issuance highlights the Company's ongoing strategic moves to manage share capital effectively.
In London, UK, on April 22, 2025, Orosur Mining Inc. announced a significant development regarding its share capital. The company issued 83,333 common shares with no par value, which accounts for 0.03% of its current issued share capital. This issuance was a result of a consultant exercising options priced at C$0.06 per Common Share. The company is publicly traded on the TSX Venture Exchange under the symbol OMI and also listed on AIM, which adds to its presence in global markets. The application for trading the new shares is set to be made on AIM, and it is predicted that trading will become effective around 8:00 am UK time on April 25, 2025. Once trading begins, Orosur Mining will have a total of 312,523,237 common shares in circulation, a detail that shareholders can utilize to understand their stakes and whether they need to notify any changes in their interests. Despite the issuance of new shares, it is noteworthy that no current board members or executives of Orosur Mining exercised options during this event. Post-admission, the company will have a total of 4,961,668 outstanding options, which indicates ongoing opportunities for share acquisition and potential expansions in shareholder equity. Such movements in public trading companies like Orosur are crucial for investor sentiment and market activity. This announcement was deemed inside information in accordance with the Market Abuse Regulations (EU) No. 596/2014, which has been integrated into UK law. The company’s transparency regarding its share capital adjustments reflects its commitment to compliance with relevant regulations and maintaining investor trust. By providing shareholders with updated data regarding total equity and option statuses, Orosur Mining Inc. aims to foster a clear and supportive investment environment.