Orosur Mining Announces Issue of Common Shares Following Option Exercises
London, UK – March 7, 2025 – Orosur Mining Inc. (Orosur or the Company), a mineral exploration and development company focused in South America, has recently announced that it has issued 83,333 common shares of no par value following the exercise of options by consultants of the Company. The exercise price for these options was set at C$ 0.06.
Details of the Share Issue
The application for the 83,333 Common Shares, which rank pari passu with the existing Common Shares in issue, to be admitted to trading on the AIM market of the London Stock Exchange (AIM) has been made. It is anticipated that Admission, as it is called, will become effective and dealings will commence at 8:00am UK time on or around March 12, 2025.
Impact on Orosur
The issuance of these new shares will result in a dilutive effect on the current shareholders of Orosur, as the number of outstanding shares will increase by approximately 0.03%. This is a normal occurrence in the mining industry, as companies often issue new shares to raise additional capital for their operations. The proceeds from the sale of these shares will provide Orosur with much-needed funds to continue its exploration and development activities.
Impact on the World
The impact of this share issue on the world at large is not directly significant, as Orosur is a relatively small player in the mining industry. However, it is worth noting that the mining sector plays a crucial role in the global economy, contributing to the supply of essential minerals and metals that are used in various industries, including technology, construction, and energy.
Conclusion
Orosur Mining’s announcement of the issuance of 83,333 new common shares following the exercise of options by consultants is a common occurrence in the mining industry. The proceeds from the sale of these shares will provide Orosur with much-needed funds to continue its exploration and development activities. While the impact of this share issue on the world at large is not directly significant, it is important to remember that the mining sector plays a vital role in the global economy, supplying essential minerals and metals to various industries.
- Orosur Mining has issued 83,333 new common shares following the exercise of options by consultants.
- The proceeds from the sale of these shares will provide Orosur with much-needed funds for its exploration and development activities.
- The impact of this share issue on the world at large is not significant, but the mining sector plays a crucial role in the global economy.
