In the same category

Orosur Mining

Published : July 12th, 2018

=E2?? US$250=2C000 Financing at 102% Premium to Market

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
View this email in your browser
Orosur Mining Inc. � US$250,000 Financing at 102% Premium to Market
Medell�n, Colombia, July 10, 2018. Orosur Mining Inc. (�Orosur� or the �Company�) (TSX/AIM: OMI) is delighted to announce that it continues to advance discussions to finance the next stage of exploration at the Anz� project in Colombia.  In connection with these discussions, a sophisticated international mining company (the �Subscriber�) has agreed to advance US$250,000 to subscribe for 3,603,077* common shares of Orosur at a price of CAD$0.091 (GBP 0.052*) per share (the �Subscription�). The share price represents a 102% premium to the closing price of the Company's common shares on the Toronto Stock Exchange (the "TSX") on July 9, 2018.
 
Completion of the Subscription is subject to, amongst other things, the execution of definitive private placement documentation and the approval of the TSX and admission of the common shares to trading on AIM ("Admission").
 
Upon Admission, the total number of common shares and voting rights issued and outstanding will be 121,189,982 and the total number of options and warrants outstanding shall remain unchanged at 17,241,010. The common shares issued in connection with the Subscription will be subject to a hold period expiring four months and one day following the closing date in accordance with applicable Canadian securities laws. The Company expects to close the Subscription during August 2018.  At closing, it is anticipated that the Subscriber will own approximately 2.97% of the Company's issued and outstanding common shares on an undiluted basis.
The net proceeds from the Subscription will be used for general corporate purposes and working capital requirements.

About Orosur Mining Inc.
 
Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a fully integrated gold producer, developer and explorer focused on identifying and advancing gold projects in South America. The Company operates the only producing gold mine in Uruguay (San Gregorio) and has assembled an exploration portfolio of high quality assets in Uruguay, Chile and Colombia. 
 
*CAD exchange rate as at July 9th, 2018 (CAD$1.00:0.576GBP & CAD$1.31:US$1.00)
 
For further information, please contact:
 
Orosur Mining Inc
Ignacio Salazar, Chief Executive Officer
Ryan Cohen, VP Corporate Development
info@orosur.ca
Tel: +1 (778) 373-0100
 
Cantor Fitzgerald Europe � Nomad & Joint Broker
David Porter/Keith Dowsing
Tel: +44 (0) 20 7894 7000
 
Numis Securities Limited � Joint Broker
John Prior / James Black / Paul Gillam
Tel: +44 (0) 20 7260 1000
 
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Ryan Cohen, VP Corporate Development of the Company (responsible for arranging release of this announcement on behalf of the Company) on: +1 (778) 373-0100.
 
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 expected completion of a US$250,000 Subscription for common shares, the negotiation and execution of definitive agreements; the ability to advance the Anz� property, the approval of the TSX and other approvals.  There can be no assurance that such statements will prove to be accurate. Such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. 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.
     
     






This email was sent to newsrelease@24hgold.com
why did I get this?        
OROSUR � Costa Rica 1667 of. 105 � Montevideo 11000 � Uruguay

Email Marketing Powered by MailChimp

Orosur Mining

PRODUCER
CODE : OMI.V
ISIN : CA6871961059
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Orosur is a producing gold company based in Canada.

Orosur holds various exploration projects in Chile and in Uruguay.

Its main asset in production is SAN GREGORIO MINE in Uruguay, its main asset in development is ARENAL DEEPS in Uruguay and its main exploration properties are INCAHUASI, ANILLO and PANTANILLO in Chile, NUEVA HELVECIA, MAL ABRIGO AND CERROS NEGROS, LASCANO, ISLA PATRULLA, RIVERA, PASO DE LUGO, CHAMIZO, BRAGADO, MARIA ALBINA, RETAMOSA, CASUPA-CRUCERA, PRESIDENTE TERRA, VOLCADERO, TEXAS - ISLA PATRULLA DISTRICT, ISLA CRISTALINA BELT, CASTRILLÓN, OLD TEXAS, ARROYO POLANCO and CASUPA MADRE in Uruguay and ESTE DE LA ALUMBRERA in Argentina.

Orosur is listed in Canada, in Germany and in United Kingdom. Its market capitalisation is CA$ 62.3 millions as of today (US$ 62.2 millions, € 48.1 millions).

Its stock quote reached its lowest recent point on October 19, 2001 at CA$ 0.19, and its highest recent level on February 03, 2006 at CA$ 5.96.

Orosur has 98 865 201 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Orosur Mining
Posting of Annual Report
2007 Annual Report
Option Grants of Orosur Mining
6/1/2010Stock Options Granted
Nominations of Orosur Mining
7/12/2013News Alert - Appointment of DirectorsReceived: from [184.170...
5/10/2013Appointment of new Interim Chairman and Resignation of Direc...
4/2/2013announces Strategy update and appointment of Interim Managin...
10/11/2012Announces Appointment of Non Executive Director
6/4/2012appoints Seymour Pierce as Joint Broker
9/15/2011Announces Appointment of Non-Executive Director
Financials of Orosur Mining
4/14/2016Fiscal Q3 2016 Results & Operating Update
4/11/2013announces Third Quarter Results of Financial Year 2013
1/11/2013Announces Second Quarter Results
4/16/2012Announces Results for the Third Quarter and Nine Months Ende...
1/13/2012Announces Results for the Second Quarter Ended November 30, ...
10/14/2011Announces Results for the First Quarter Ended August 31, 201...
4/14/2011Announces Results for the Third Quarter and Nine Months Ende...
3/10/2008 25,150 Ounces Produced for Third Quarter of 2007/08
Project news of Orosur Mining
6/6/2013announces Operational Update Full Year Production above expe...
5/28/2013(Anillo)Drilling commenced at Anillo
4/9/2013announces Update on Exploration Activities in Chile
8/15/2012Announces Exploration and Development Update
6/1/2012(Pantanillo)Announces Updated Results of the Preliminary Economic Assess...
3/7/2012(Arenal Deeps)Announces Grant of Permits to Fully Exploit Ore from its Und...
3/5/2012commences drilling at Mahoma Project, Uruguay
8/30/2011Announces Definitive Acquisition signed for Talca
6/9/2011Announces Acquisition of Chilean Gold Property and Placing o...
5/25/2011(Maria Albina)Southern Uruguay Project Farm Out
5/25/2011(Old Texas)Southern Uruguay Project Farm Out
5/25/2011(Arroyo Polanco)Southern Uruguay Project Farm Out
5/25/2011(Casupa Madre)Southern Uruguay Project Farm Out
5/25/2011(Mal Abrigo And Cerros Negros)Southern Uruguay Project Farm Out
3/24/2011(Isla Cristalina Belt)announces Gladiator earns its first 20% I
3/22/2011(Arenal Deeps)Announces First Blasting at Arenal Deeps following Grant of ...
3/20/2011(Arenal Deeps)Secures US$5.5 million Debt Facility with HSBC for Arenal De...
Corporate news of Orosur Mining
2/13/2014News Alert - Director=E2??s DealingReceived: from [192.154.1...
2/13/2014News Alert - GRANT OF SHARE OPTIONSReceived: from [192.154.1...
1/31/2014News Alert - Orosur announces Non-Executive Director resigna...
1/21/2014News Alert - Orosur announces additions to executive managem...
1/14/2014News Alert - Q2 Fiscal 2014 ResultsReceived: from [184.170.1...
12/19/2013News Alert - OROSUR MINING INC. ANNOUNCES SALE OF TALCA FOR...
12/10/2013News Alert - Q2 Results. Improved Guidance and Increased Res...
11/20/2013News Alert - Annual and Special Meeting ResultsReceived: fro...
11/13/2013News Alert - Arenal Pillar Recovery Feasibility Study =E2?? ...
10/15/2013News Alert - Q1 Fiscal 2014 ResultsReceived: from [184.170.1...
9/17/2013News Alert - Director\'s DealingReceived: from [184.170.140....
9/10/2013News Alert - Operating UpdateReceived: from [184.170.140.130...
8/15/2013News Alert - Full Year 2013 ResultsReceived: from [184.170.1...
4/29/2013Operational Update
4/16/2013Announces Stock Options Grant
2/14/2013(Arenal Deeps)Completion of Arenal Deeps ramp
2/1/2013(Arenal Deeps)Announces that is has placed on its website a video of the r...
10/18/2012Announces Strategy of the Company
9/17/2012Issue of Ordinary Shares upon Exercise of Stock Options
9/10/2012Upcoming Announcement on Strategy
8/15/2012Announces Results for the Full year Ended May 31, 2012
8/7/2012Announces Change of Board Composition
8/1/2012Announces Change of Adviser
7/10/2012Announces Grant of Operation Permit for the new Tailings Sto...
7/9/2012Announces Appointment of Walter Muehlebach as General Manag...
6/14/2012Announces New staff appointments at San Gregorio
6/14/2012Announces Production Update for the fourth quarter and Fisca...
6/6/2012Issue of Ordinary Shares upon Exercise of Stock Options
5/18/2012Issue of Ordinary Shares upon Exercise of Stock Options
5/14/2012to Commence Trading on the Toronto Stock Exchange (TSX)
4/12/2012announces drill results for the Mahoma Project, Uruguay
3/7/2012(Pantanillo)Announces Initial Drilling Results in Talca and Commences Dr...
1/17/2012Announces Change of Chairman
1/12/2012(Anillo)Announces Results of the Preliminary Economic Assessment on ...
8/18/2011Announces Results for the Full year Ended May 31, 2011
8/8/2011Announces Change of Nomad and Broker
2/14/2011Announces Exploration Update
5/27/2009Diamond Farm-out
12/5/2008Production for the Quarter Ended November 30, 2008
8/1/2008 Engages Breakstone Group as Investor Relations Consultant
1/24/2008 Purchases Its Own Shares
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (OMI.V)
0.630-1.56%
TSX-V
CA$ 0.630
05/10 15:20 -0.010
-1.56%
Prev close Open
0.640 0.630
Low High
0.630 0.630
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.630 -%
Volume 1 month var.
52,500 -%
24hGold TrendPower© : -44
Produces Gold
Develops Gold
Explores for Copper - Diamonds - Gold - Lead - Nickel - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/4/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.08-1.46%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.93+1.03%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.27-0.44%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.22-2.17%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.81+1.12%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.45-5.84%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.12-17.86%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 1.05-2.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.39+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 5.60-2.44%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.04+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 0.20+0.00%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 0.25+6.38%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 29.56-3.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.14+0.00%Trend Power :