Announces Appointment of Mr. Ralph Browning as Non-Executive Director
MONTEVIDEO, Uruguay 13 December, 2010. Orosur Mining Inc. (�OMI� or �the Company�) (TSX-V: OMI)
(AIM: OMI), a South American-focused gold producer and explorer, announces
that it has appointed Mr. Ralph Browning as Non-Executive Director of the
Company with immediate effect.
David Fowler, OMI Director and Chief Executive
Officer commented, �We are delighted to welcome Ralph to the Board of
Directors of OMI. Ralph�s experience in finance will be very important as the
Company looks to develop its growing interests on the natural resources
sector in Latin America�.
Mr. Browning, aged 47, is a banker with over 25
years of experience in the banking industry. He holds a Bachelor of Science
degree in Geography from the London School of Economics.
Mr. Browning is also a Director of Smokehouse
Limited and Oxford Assets Limited and in the previous five years he has been
Director of Islamic Finance International Ltd and ROI � Riyada
Oxford Investments Limited, all private companies based in the UK.
The Company has also granted 100,000 stock options
to Mr. Browning, exercisable at a price of CDN$ 1.20.Per Common Share of the
Company on or before December 11, 2010. The stock options were granted on
December 11, 2010 fixing the exercise price as of the close price of OMI Common
Shares at the TSX-V on December 10, 2010. The options will vest in three
equal parts: the first part immediately and the second and third parts on
December 11, 2011 and December 11, 2012.
There is no other information required to be
disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
ENDS
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
About Orosur Mining
Inc.
Orosur Mining Inc. is a fully integrated gold
producer and exploration company focused on identifying and developing gold
projects in Latin 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 and Chile. The Company is quoted in Canada
(TSX-Venture Exchange: OMI) and London (AIM: OMI).
For further information, please contact:
Orosur Mining Inc
David Fowler, CEO
Ignacio Salazar, CFO + 598 2601 6354; info@orosur.ca
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