Original News Release
Orosur Mining hopes to close financing Oct. 2
Mr. Louis Castro reports
OROSUR MINING INC ANNOUNCES CORPORATE UPDATE, EXERCISE OF OPTIONS AND WARRANTS
Orosur Mining Inc.'s upsized brokered private placement to raise up to $20-million, which was announced on Sept. 18, 2025, is now scheduled to close on Oct. 2, 2025. The offering comprises the issue of up to 58,823,530 new common shares of the company.
Application has been made for up to 58,823,530 common shares, which rank pari passu with the existing common shares in issue, to be admitted to trading on the AIM (Alternative Investment Market). It is expected that admission will become effective and dealings will occur at 8 a.m. United Kingdom time on or around Oct. 3, 2025.
Exercise of options and warrants: The company has issued 260,000 common shares representing 0.08 per cent of the company's current issued share capital, following the exercise of options by two consultants of the company at an exercise price of 22 cents and 32.5 cents for 140,000 and 120,000 common shares, respectively. No members of the board or company executives have exercised any options.
Additionally, 8,675,418 common shares were issued for a total consideration of $701,894 (U.S.) following an exercise of 8,675,418 warrants during September from the company's block listing, announced on Jan. 8, 2025.
Following admission of these 260,000 common shares relating to the options and also the 8,675,418 warrants exercised in September, for the purposes of the disclosure guidance and transparency rules, the company will have 325,758,894 common shares in issue. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in the issued share capital of the company.
Following admission, the company will have 4,701,668 options outstanding and 22,834,404 warrants outstanding.
About Orosur Mining Inc.
Orosur Mining is a minerals explorer and developer currently operating in Colombia, Argentina and Nigeria.
We seek Safe Harbor.
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