Orosur Mining Inc Announces Exercise of Warrants and Total Voting Rights
Orosur Mining (AIM:OMI, TSXV:OMI), a minerals explorer and developer with operations in Colombia, Argentina, and Nigeria, has announced the issuance of 2,055,932 new common shares following a warrant exercise in March 2025.
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Rhea-AI Summary
Orosur Mining (AIM:OMI, TSXV:OMI), a minerals explorer and developer with operations in Colombia, Argentina, and Nigeria, has announced the issuance of 2,055,932 new common shares following a warrant exercise in March 2025. The warrants were exercised at a total consideration of US$ 96,071.
Following this issuance and including shares from a recent brokered private placement on March 27, 2025, the company's total issued share capital now stands at 312,439,904 Common Shares. The company retains 16,223,618 warrants outstanding. This update is relevant for shareholders calculating voting rights under the FCA's Disclosure and Transparency Rules.
Positive
- Raised US$ 96,071 in additional capital through warrant exercises
- Successful completion of warrant exercise indicates investor confidence
Negative
- Potential dilution of existing shareholders due to new share issuance
Details
News Market Reaction – OROXF
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LONDON, GB / ACCESS Newswire / March 31, 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 March, 2025, the Company has issued 2,055,932 new common shares of no par value each ("Common Shares") for a total consideration of US
The Company has 16,223,618 warrants outstanding.
Following Admission, (and including the Admission of the shares issued on 27 March 2025 as part of the Company's brokered private placement) the Company's new issued share capital will comprise 312,439,904 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
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