Orosur Mining
Inc
AGM Results
Investor Q&A
Session
London, 12 December, 2024, Orosur Mining
Inc. ("Orosur" or "the Company")
(AIM/TSXV: OMI), a minerals
explorer and developer with projects in Colombia, Argentina and
Nigeria, announces that at the Company's Annual General Meeting
("AGM") held earlier today, all resolutions put to shareholders
were duly passed.
Details of the voting are set out
below:
AGM
Voting Results
At the AGM, a total of 49,022,607
common shares of the 235,620,423 shares outstanding as at the
record date of November 4th 2024, were voted at the
meeting, representing approximately 20.8% of the then issued and
outstanding common shares of the Company. The votes cast were
as follows:
|
ORDINARY BUSINESS
|
FOR
|
AGAINST
|
VOTES WITHELD
|
VOTES FOR
%
|
|
to set the number of directors of
the Company for the ensuing year at four (4) members;
|
48,918,190
|
177,937
|
0
|
99.64%
|
|
to elect Louis Castro as a director
of the Company to hold office for the ensuing year;
|
48,584,121
|
0
|
242,844
|
99.50%
|
|
to elect Bradley George as a
director of the Company to hold office for the ensuing
year;
|
48,584,121
|
0
|
242,844
|
99.50%
|
|
to elect Thomas Masney as a director
of the Company to hold office for the ensuing year;
|
47,898,919
|
0
|
131,046
|
99.73%
|
|
to elect Nick von Schirnding as a
director of the Company to hold office for the ensuing
year;
|
47,899,188
|
0
|
130,777
|
99.73%
|
|
to appoint Baker Tilly WM LLP, as
the auditors of the Company for the ensuing year and, to authorise
the board of directors to fix the auditors'
remuneration;
|
49,022,607
|
0
|
73,621
|
99.85%
|
|
to approve the cancellation of
existing stock options and the issue of Deferred Share Units under
the Company's Equity Incentive Plan and related matters.
|
48,617,928
|
208,937
|
0
|
99.57%
|
Issue of DSUs upon cancellation of options
Upon recommendation of the Company's
Remuneration Committee and pursuant to the resolution approved by
shareholders at today's AGM, the Company has granted 970,000
deferred share units ("DSUs") to replace 3,440,000 stock options
which have now been cancelled, full details of which are set out in
the Company's 2024 Management Information Circular available on its
website.
Of the 970,000 DSUs issued, 850,000
DSUs were granted to Louis Castro (who now holds 1,800,000 options
and 850,000 DSUs) and 120,000 DSUs were granted to Nick von
Schirnding (who now holds 450,000 options and 120,000 DSUs).
Following the issuance of DSUs and cancellation of options, the
total number of shares under option, restricted share units
("RSUs") and DSUs is 10,988,332 which represents 4.6% of the
non-diluted issued share capital of the Company.
Investor Q&A session
Orosur is pleased to remind
shareholders that Louis Castro, Chairman and Brad George, Chief
Executive Officer, will be holding a live Investor Q&A session
via the Investor Meet Company platform on 16 December 2024 at 5.30
pm (UK local time).
The presentation is open to all
existing and potential shareholders. Questions can be submitted
pre-event via your Investor Meet Company dashboard up until 9am (UK
Local Time) the day of the meeting or at any time during the live
presentation.
Investors can sign up to the
Investor Meet Company platform via :
https://www.investormeetcompany.com/orosur-mining-inc/register-investor
Investors who already follow Orosur
on the Investor Meet Company platform will automatically be
invited.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons associated
closely with them:
|
1
|
Details of person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Full Name
|
i. Louis
Castro
ii. Nick von
Schirnding
|
|
2
|
Reason for notification
|
|
a)
|
Position/Status
|
i)
Chairman
ii)
Non-Executive Director
|
|
b)
|
Initial notification/amendment
|
Initial notification
|
|
3
|
Details of the issuer, 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
instrument
|
Granting of Deferred Share
Units ("DSUs")
|
|
b)
|
Identification code
|
ISIN: CA6871961059
|
|
c)
|
Nature of transaction
|
Grant of DSUs
|
|
d)
|
Prices and volumes
|
i)
850,000 DSUs
ii) 120,000
DSUs
|
|
e)
|
Aggregated information
|
970,000 DSUs at nil price
|
|
f)
|
Date of transaction
|
December 12th, 2024
|
|
g)
|
Place of transaction
|
Outside of trading venue
|
For
further information, visit www.orosur.ca, follow on X @orosurm or
please contact:
Orosur Mining Inc
Louis Castro, Chairman
Brad George, CEO
info@orosur.ca
Tel: +1
(778) 373-0100
SP
Angel Corporate Finance LLP - Nomad & Joint
Broker
Jeff Keating / Caroline
Rowe
Tel: +44 (0) 20 3470 0470
Turner Pope Investments (TPI) Ltd - Joint
Broker
Andy Thacker/James Pope
Tel: +44 (0)20 3657 0050
Flagstaff Communications and Investor
Communications
Tim Thompson
Mark Edwards
Fergus Mellon
orosur@flagstaffcomms.com
Tel: +44 (0)207 129 1474
Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.