Northwire Canada EditionWednesday, July 29, 2026
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Financings

Orosur Mining hopes to close financing Oct. 2

By The Northwire Desk — AI Analysis Sep 25, 2025 · 09:05 OMI · 0.44 Orosur Mining Inc.
OMI · Price

Executive Summary

  • Orosur Mining Inc. announced the closing of its upsized brokered private placement, now scheduled for October 2 2025, to raise up to $20 million through issuance of up to 58,823,530 new common shares.
  • The company exercised options and warrants, issuing a total of 8,935,418 common shares (260,000 from consultant options at $0.22–$0.325 per share and 8,675,418 from warrant exercises for $701,894).
  • Post‑exercise, the total outstanding common shares will be 325,758,894, with 4,701,668 options and 22,834,404 warrants remaining outstanding.

Key Details

  • Private Placement: Upsized brokered private placement originally announced on Sept 18 2025; now set to close on Oct 2 2025; up to $20 million; up to 58,823,530 new common shares.
  • AIM Admission: Application filed for admission of the new shares to trading on the AIM; expected effective trading at 8 a.m. UK time on or around Oct 3 2025.
  • Option Exercise: Two consultants exercised options for a total of 260,000 common shares (140,000 at $0.22/share and 120,000 at $0.325/share); represents 0.08% of current issued share capital; no board members or executives participated.
  • Warrant Exercise: 8,675,418 common shares issued for $701,894 U.S. following warrant exercises in September (original block listing announced Jan 8 2025).
  • Post‑Exercise Share Count: Total outstanding common shares will be 325,758,894; this figure should be used by shareholders to assess reporting thresholds under disclosure rules.
  • Remaining Derivatives: After the transactions, 4,701,668 options and 22,834,404 warrants remain outstanding.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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Earnings