Orosur Mining Inc Announces Exercise of Warrants and Total Voting Rights

Rhea-AI Summary

Orosur Mining, a minerals explorer and developer with operations in Colombia, Argentina, and Nigeria, has announced the issuance of 1,025,501 new common shares for a total consideration of US$ 56,138. This issuance follows the exercise of 1,020,501 warrants from its January 2025 block listing.

The company's warrant structure now includes 34,789,560 outstanding warrants, with 19,586,444 new warrants issued as part of their March 2025 Brokered private placement. Following this development, Orosur's total issued share capital has reached 313,543,738 Common Shares.

Shareholders are advised to use the new total share count when calculating voting rights and determining notification requirements for changes in their shareholdings under the FCA's Disclosure and Transparency Rules.

Positive

• Raised US$56,138 through warrant exercise
• Successful completion of brokered private placement in March 2025
• Geographic diversification with projects across Colombia, Argentina, and Nigeria

Negative

• Significant share dilution with issuance of 1,025,501 new common shares
• Large number of outstanding warrants (34,789,560) could lead to further dilution

News Market Reaction

+1.82%

1 alert

+1.82% News Effect

On the day this news was published, OROXF gained 1.82%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LONDON, UNITED KINGDOM / ACCESS Newswire / April 30, 2025 / Orosur Mining Inc. ("Orosur" or "the Company") (AIM:OMI)(TSXV:OMI), a minerals explorer and developer with projects in Colombia, Argentina and Nigeria, advises that, during April, 2025, the Company has issued 1,025,501 new common shares of no par value each ("Common Shares") for a total consideration of US$ 56,138 following an exercise of 1,020,501 warrants from its block listing announced on January 8^th 2025.

The Company has 34,789,560 warrants outstanding which includes 19,586,444 new warrants issued as part of the Company's Brokered private placement announced 27 March 2025.

Following Admission, the Company's new issued share capital will comprise 313,543,738 Common Shares. When calculating voting rights, shareholders should use this figure as the denominator for the calculations 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 under the FCA's Disclosure and Transparency Rules.

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 / Jen Clarke / 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

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Orosur Mining Inc.

View the original press release on ACCESS Newswire

FAQ

How many warrants were exercised in Orosur Mining (OROXF) in April 2025?

In April 2025, Orosur Mining exercised 1,020,501 warrants, resulting in the issuance of 1,025,501 new common shares for a total consideration of US$56,138.

What is the total number of outstanding warrants for Orosur Mining (OROXF) after April 2025?

After April 2025, Orosur Mining has 34,789,560 warrants outstanding, which includes 19,586,444 new warrants from their March 2025 Brokered private placement.

What is Orosur Mining's (OROXF) total share count after the April 2025 warrant exercise?

Following the warrant exercise, Orosur Mining's total issued share capital comprises 313,543,738 Common Shares.

How many new warrants did Orosur Mining (OROXF) issue in their March 2025 private placement?

Orosur Mining issued 19,586,444 new warrants as part of their Brokered private placement announced on March 27, 2025.

What is the voting rights calculation denominator for Orosur Mining (OROXF) shareholders?

Shareholders should use 313,543,738 Common Shares as the denominator when calculating voting rights or determining if they need to notify changes in their interest.