Orosur Mining Inc Announces Sale of Stake in Company
Orosur Mining (TSXV:OMI, AIM:OMI) announced that Newmont Mining Corporation has sold its entire 9.4% stake in the company to several institutional long-term investors at C$0.19 per share.
The divestment is part of Newmont's strategy of non-core disposals. However, Newmont indicated it may consider increasing its ownership in Orosur in the future depending on market conditions. Orosur's Executive Chairman Louis Castro welcomed the new long-term investors, viewing their investment as validation of the company's development projects.
Orosur Mining (TSXV:OMI, AIM:OMI) ha annunciato che Newmont Mining Corporation ha venduto l'intera quota del 9,4% nella società a diversi investitori istituzionali a lungo termine al prezzo di C$0,19 per azione.
La cessione rientra nella strategia di Newmont di disinvestimenti da attività non core. Tuttavia, Newmont ha indicato che potrebbe valutare un aumento della propria partecipazione in Orosur in futuro, a seconda delle condizioni di mercato. Il Presidente Esecutivo di Orosur, Louis Castro, ha accolto con favore i nuovi investitori a lungo termine, considerando il loro investimento una conferma dei progetti di sviluppo dell'azienda.
Orosur Mining (TSXV:OMI, AIM:OMI) anunció que Newmont Mining Corporation ha vendido su participación total del 9,4% en la empresa a varios inversores institucionales a largo plazo a C$0,19 por acción.
La desinversión forma parte de la estrategia de Newmont de desprenderse de activos no esenciales. Sin embargo, Newmont indicó que podría considerar aumentar su participación en Orosur en el futuro, dependiendo de las condiciones del mercado. El Presidente Ejecutivo de Orosur, Louis Castro, dio la bienvenida a los nuevos inversores a largo plazo, viendo su inversión como una validación de los proyectos de desarrollo de la compañía.
Orosur Mining (TSXV:OMI, AIM:OMI)는 Newmont Mining Corporation이 회사의 9.4% 지분 전부를 여러 장기 기관 투자자들에게 주당 C$0.19에 매각했다고 발표했습니다.
이번 매각은 Newmont의 비핵심 자산 처분 전략의 일환입니다. 다만, Newmont는 시장 상황에 따라 향후 Orosur 지분을 늘리는 방안을 검토할 수 있다고 밝혔습니다. Orosur의 집행 의장 루이스 카스트로는 새로운 장기 투자자들을 환영하며, 이들의 투자가 회사 개발 프로젝트에 대한 신뢰의 표시라고 평가했습니다.
Orosur Mining (TSXV:OMI, AIM:OMI) a annoncé que Newmont Mining Corporation a vendu l'intégralité de sa participation de 9,4% dans la société à plusieurs investisseurs institutionnels à long terme au prix de 0,19 C$ par action.
Cette cession s'inscrit dans la stratégie de Newmont de se défaire d'actifs non stratégiques. Toutefois, Newmont a indiqué qu'elle pourrait envisager d'augmenter sa participation dans Orosur à l'avenir en fonction des conditions du marché. Le président exécutif d'Orosur, Louis Castro, a accueilli favorablement ces nouveaux investisseurs à long terme, considérant leur investissement comme une validation des projets de développement de l'entreprise.
Orosur Mining (TSXV:OMI, AIM:OMI) gab bekannt, dass Newmont Mining Corporation ihren gesamten 9,4%-Anteil an dem Unternehmen an mehrere institutionelle Langzeitanleger zu C$0,19 pro Aktie verkauft hat.
Der Verkauf ist Teil von Newmonts Strategie, sich von nicht zum Kerngeschäft gehörenden Beteiligungen zu trennen. Newmont deutete jedoch an, dass eine Erhöhung ihres Anteils an Orosur in Zukunft je nach Marktlage möglich sei. Orosurs Executive Chairman Louis Castro begrüßte die neuen Langzeitanleger und sieht deren Investition als Bestätigung der Entwicklungsprojekte des Unternehmens.
- Addition of multiple institutional long-term investors to shareholder base
- Newmont maintains potential interest in future investment
- Sale price of C$0.19 per share provides market valuation reference
- Loss of Newmont Mining as a major strategic shareholder
- 9.4% stake sale could create temporary selling pressure
LONDON, GB / ACCESS Newswire / August 1, 2025 / Orosur Mining Inc. ("Orosur" or the "Company") (TSXV:OMI)(AIM:OMI), has been notified that Newmont Mining Corporation, who held a stake of approximately
In its release of yesterday to the Toronto Stock Exchange, after market close, announcing the sale, Newmont also stated that "Newmont may, depending on price, market conditions or other conditions or factors it considers relevant from time to time, increase its beneficial ownership, control or direction over Common Shares or other securities of Orosur through market transactions, private agreements or otherwise".
Orosur Executive Chairman Louis Castro commented:
"Whilst we are sad to see Newmont go, we understand that the sale of the stake is part of Newmont's strategy of non-core disposals. Newmont has been a loyal and supportive partner to Orosur. We part on good terms and we welcome a number of strong and knowledgeable long-term investors as we push further into an exciting growth phase for the Company. Their investment is testament to the potential of the projects we are developing"
For further information, visitwww.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.
About Orosur Mining Inc.
Orosur Mining Inc. (TSXV: OMI; AIM: OMI) is a minerals explorer and developer currently operating in Colombia, Argentina and Nigeria.
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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