Orosur Mining
Inc
Block Listing
Application
London, 08 January, 2025, Orosur Mining
Inc. ("Orosur" or "the Company")
(AIM/TSXV: OMI), a minerals
explorer and developer with projects in Colombia, Argentina and
Nigeria, announces that, a block listing application ("Block
Listing") has been made to the London Stock Exchange for up to
31,848,219 common shares of no par value each in the Company ("New
Common Shares") to be admitted trading on AIM.
Forming part of the Company's
successful capital raisings in February, September and December
2024, the Company has in issue a total of 31,848,219 unlisted
investor and broker warrants yet to be exercised. Further details
are set out below:
Capital Raising
|
No.
Issued
|
No.
exercised
|
Price
US$
|
Date exercisable until
|
Outstanding
|
Feb 24 Investor Warrants
|
16,949,152
|
2,677,966
|
0.0558
|
21 Feb 2026
|
14,271,186
|
Feb 24 Broker Warrants
|
1,694,915
|
1,694,915
|
0.0372
|
21 Feb 2029
|
-
|
Oct 24 Investor Warrants
|
15,017,985
|
2,338,488
|
0.0494
|
4 Oct 2026
|
12,679,497
|
Oct 24 Broker Warrants
|
3,003,597
|
-
|
0.0372
|
4 Oct 2029
|
3,003,597
|
Dec 24 Broker Warrants
|
1,893,939
|
-
|
0.0832
|
18 Dec 2029
|
1,893,939
|
|
|
|
TOTAL
|
|
31,848,219
|
The Block Listing has been filed to
enable holders of the Company's warrants to continue to voluntarily
exercise them without the need for the issue of a separate RNS and
admissions filing each time this occurs. The Company will notify on
a monthly basis when there are changes to the issued share capital
of the Company, and these monthly figures may be used by
shareholders as the denominator for the calculation by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company.
The Company will also make six-monthly announcements regarding the
utilisation of the block admission in line with its obligations
under AIM Rule 29. It is expected that the Block Listing will be
effective on or around 13 January 2025.
If and when issued, the New Common
Shares will rank pari
passu in all respects with the existing common shares of the
Company.
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 / Devik
Mehta
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.
About Orosur Mining Inc.
Orosur Mining Inc. (TSXV: OMI; AIM:
OMI) is a minerals explorer and developer currently operating in
Colombia, Argentina and Nigeria.
Forward Looking Statements
All statements, other than
statements of historical fact, contained in this news release
constitute "forward looking statements" within the meaning of
applicable securities laws, including but not limited to the "safe
harbour" provisions of the United States Private Securities
Litigation Reform Act of 1995 and are based on expectations
estimates and projections as of the date of this news
release.
Forward-looking statements include,
without limitation, the continuing focus on the Pepas prospect, the
exploration plans in Colombia and the funding of those
plans, and other events or conditions that may occur in the future.
There can be no assurance that such statements will prove to be
accurate. Actual results and future events could differ materially
from those anticipated in such forward-looking statements. Such
statements are subject to significant risks and uncertainties
including, but not limited to those described in the Section "Risks
Factors" of the Company's MD&A for the year ended May 31,
2024. The Company's continuance as a going concern is dependent
upon its ability to obtain adequate financing, to reach profitable
levels of operations and to reach a satisfactory closure of the
Creditor´s Agreement in Uruguay. These material uncertainties
may cast significant doubt upon the Company's ability to realize
its assets and discharge its liabilities in the normal course of
business and accordingly the appropriateness of the use of
accounting principles applicable to a going concern. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events and such forward-looking statements, except to the
extent required by applicable law.