Orosur Mining Inc. announces the admission and issuance of new ordinary shares

December 30, 2024

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Orosur Mining Inc. announces the admission and issuance of new ordinary shares

LONDON, UNITED KINGDOM / ACCESSWIRE / December 30, 2024 / Orosur Mining Inc. (“Orosur” or the “Company”) (TSX-V:OMI)(AIM:OMI) We are pleased to announce that in addition to the company’s announcement issued on 19^y In December 2024, 18,939,394 new no par value ordinary shares in the Company (“New Ordinary Shares”) were admitted to trading on AIM Today (“Admission”), at an offering price of £0.066 (CAD $0.12).

After the issuance of the new common shares, which will rank pari passu with the Company’s existing common shares, the total number of issued and outstanding common shares with voting rights of the Company will be 256,158,737.

Therefore, shareholders can use the number of 256,158,737 ordinary shares as a denominator for the calculation by which they can determine whether they are required to notify or change their interest in the company under the FCA’s Disclosure and Transparency Guidelines. rules.

For further details regarding the offering, including the total amount raised and the intended use of the proceeds, please see the Company’s press release dated 19.^y December 2024.

Broker fees

Turner Pope Investments (TPI) Ltd (“TPI”), the Company’s joint broker, received a fee of six (6) percent. From the funds raised in the offering (£75,000) and a company finance fee of £30,000 which also covers its legal expenses. TPI also received 1,893,939 broker warrants equal in number to ten percent. of new common stock, exercisable at the price determined by the TPI option at any time during the five years following acceptance.

For more information, visit www.orosur.cafollow on X @orosurm or please contact:

Orosur Mining Company
Luis Castro, President
Brad George, CEO
info@orosur.ca
Tel: +1 (778) 373-0100

SP Angel Corporate Finance LLP – Nomad & Broker
Jeff Keating/Caroline Rowe
Tel: +44 (0) 20 3 470 0470

Turner Pope Investments (TPI) Limited – Joint Broker
Andy Thacker / James Pope
Tel: +44 (0)20 3657 0050

Flagstaff Communications
Tim Thompson/Mark Edwards
Fergus Mellon
orosur@flagstaffcomms.com Tel: +44 (0)207 129 1474

The Company considers that the information contained in this announcement constitutes inside information as set out in the Market Abuse Regulations (EU) No 596/2014 (‘MAR’) which has been incorporated into UK law by the EU (Withdrawal) Act. 2018. When this announcement is published via the Regulatory Information Service (‘RIS’), this internal information is now considered to be in the public domain.

Neither the 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 Company.

Orosur Mining Inc. (TSXV:OMI)(AIM:OMI) is a mineral exploration and development company currently operating in Colombia, Argentina and Nigeria.

Forward-looking statements

All statements, other than statements of historical fact, contained in this press release constitute “forward-looking statements” within the meaning of applicable securities laws, including, without limitation, the “safe harbor” provisions of the Securities Litigation Reform Act. for the United States for 1995 and is based on forecast estimates and forecasts as of the date of this press release.

Forward-looking statements include, but are not limited to, continued focus on Pepas’ prospect, exploration plans in Colombia and the financing of those plans, and other events or circumstances that may occur in the future. There is no guarantee that such statements will be accurate. Actual results and future events may differ materially from those anticipated in such forward-looking statements. These statements are subject to significant risks and uncertainties including, without limitation, those described in the “Risk Factors” section of the Company’s Governance and Administration Code for the year ending May 31, 2024. The Company’s continuation as a going concern depends on its ability to obtain sufficient financing to access Profitable levels of operations and satisfactory termination of the intercreditor agreement in Uruguay. These material uncertainties may cast significant doubt on the Company’s ability to realize its assets and discharge its liabilities in the ordinary course of business and therefore the appropriateness of using accounting principles applied to a going concern. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or such forward-looking statements, except to the extent required by applicable law.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a primary information provider in the UK. Terms and conditions regarding the use and distribution of this information may apply. For more information, please contact rns@lseg.com Or visit www.rns.com.

source: Orosur Mining Company

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