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Key Points:
- Orosur Mining has successfully admitted 30,035,971 new common shares to trading on AIM, raising capital at a placing price of £0.0278 (CAD$0.05).
- Following this issuance, the total number of common shares in circulation has increased to 235,620,423, which shareholders can use to calculate their interests under FCA regulations.
- The company has also issued 15,017,986 warrants, exercisable at approximately US$0.0494, expiring on October 4, 2026.
Orosur Mining Inc. (LSE:OMI) is pleased to announce a significant step in its growth strategy following the recent issuance of new common shares. As detailed in the company’s previous announcement on September 30, 2024, Orosur has successfully admitted 30,035,971 new common shares to trading on the AIM market today. The placing price for these shares is set at £0.0278 (CAD$0.05).
With the admission of these new common shares, the total number of common shares issued and outstanding with voting rights in the Company has now reached 235,620,423. This total will be crucial for shareholders, as it will serve as the denominator for any calculations regarding the need to notify changes in their interest in the Company, in accordance with the FCA's Disclosure Guidance and Transparency Rules.
In addition to the new shares, Orosur Mining has also issued 15,017,986 warrants as part of its capital raising efforts. These warrants are exercisable at a price of US$0.0494 (approximately 3.697 pence) and will remain valid until October 4, 2026. The warrants are unlisted and will be distributed to warrant holders through certificates issued under a warrant indenture established by the Company in accordance with English law.
The funds raised through this capital placement are intended to support Orosur's ongoing operational initiatives and growth plans. For more detailed information regarding the gross amount raised and the intended use of proceeds, shareholders are encouraged to refer to the Company’s press release from September 30, 2024.
