Grant of 50,000 stock options to employees exercisable at a price of CDN$ 1.20
MONTEVIDEO, Uruguay, December 13, 2010. Orosur Mining Inc. ("OMI" or the "Company") (TSX VENTURE:OMI) (LSE: OMI) announces that it has granted an aggregate of 50,000 stock options to employees exercisable at a price of CDN$ 1.20 per Common Share on or before December 11, 2015.
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.
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
Orosur is a gold producing 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.
Its stock quote reached its highest recent level on February 03, 2006 at CA$ 5.96, and its lowest recent point on September 11, 2023 at CA$ 0.04.
Orosur has 98 865 201 shares outstanding.