Orosur Mining Inc. Issue of Ordinary Shares
upon Exercise of Stock Options
MONTEVIDEO, Uruguay, December 16, 2010. Orosur Mining Inc. ("OMI" or the
"Company") (TSX-V: OMI) (LSE: OMI) announces that, following the
exercise of options by employees, today the Company has issued a total of
59,832 Common Shares of the Company (�Common Shares�) at the following
exercise prices: 44,500 Common Shares at CAD 0.60 per share; 8,666 Common
Shares at CAD 0.61 per share 6,666 at CAD 0.75 per share.
Application has been made for 59,832 new Common
Shares to be admitted to trading on AIM (�Admission�). It is expected
that Admission will become effective and that dealings will commence on 22
December 2010 in respect of those Common Shares.
On Admission, the Company will have 65,172,889
Common Shares in issue.
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
Matrix Corporate Capital LLP
Louis Castro, +44 (0) 203 206 7209
Tim Graham, +44 (0) 203 206 7206
Blythe Weigh Communications
Tim Blythe: +44 (0) 7816 924626
Ana Ribeiro: +44 (0) 7980 321505
Matthew Neal: +44 (0) 7917 800011
|