Orosur Mining arranges private placement for up to $17M

Executive Summary

• Orosur Mining Inc. announced a best‑efforts private placement for gross proceeds of up to C$17 million, consisting of an initial offering of up to 44,117,647 common shares at C$0.34 per share and an optional over‑allotment of up to 5,882,353 additional shares for up to C$2 million.
• The net proceeds will be used principally to advance the Anza exploration project in Colombia, together with general working capital and other corporate purposes.
• Closing is expected on or about September 30, 2025 (no later than October 17, 2025), subject to regulatory approvals including TSX‑V and AIM admission.

Key Details

• Offering Size: Up to C$15 million from the base placement; optional over‑allotment up to an additional C$2 million, for a total potential gross proceeds of C$17 million.
• Shares Offered: 44,117,647 common shares at C$0.34 per share (≈ £0.1809).
• Over‑Allotment Option: Agent may sell up to an additional 5,882,353 shares at the same price, exercisable up to 48 hours before closing.
• Lead Agents/Brokers: Red Cloud Securities Inc. (lead agent & bookrunner), Turner Pope Investments Ltd., Greenwood Capital Partners Ltd.; U.K. placing handled by Turner Pope Investments and Greenwood Capital Partners.
• Pricing Basis: Fixed price of C$0.34 per share; no hold‑period for shares issued under the listed issuer financing exemption in Canada.
• Use of Proceeds: Primarily to fund the Anza exploration project in Colombia; remainder for general working capital and corporate purposes.
• Closing Timeline: Expected around 30 Sept 2025, with a latest possible date of 17 Oct 2025, subject to receipt of all required approvals (TSX‑V, AIM).
• Regulatory Framework: Offering relies on National Instrument 45‑106 exemptions in Canada and applicable U.S. securities law exemptions for non‑U.S. investors; shares may be sold to investors outside Canada, including the United States.
• Liquidity & Shareholder Base: Intended to leverage Orosur’s dual listing on TSX‑V and AIM to broaden its investor base (Canada, UK, other jurisdictions) and improve share liquidity.
• Placement Mechanics: U.K. portion conducted as a placing to institutional/eligible investors; not underwritten. Allocation timing at discretion of U.K. brokers and lead agent in consultation with Orosur.

Notable Quotes

(No direct quotes were provided in the release.)