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Orosur Mining consultant exercises stock options
(Sharecast News) - Orosur Mining announced the issue of 83,333 new shares on Tuesday, following the exercise of stock options by a company consultant at an exercise price of six Canadian cents per share. The AIM-traded firm said the newly-issued shares represented 0.03% of its current issued share capital.
Application had been made for the new shares to be admitted to trading on AIM, with admission and dealings expected to start at 0800 BST on or around 25 April.
The new shares would rank equally with existing shares in issue.
No directors or executives of the company were involved in the option exercise, Orosur confirmed.
Following admission, its total issued share capital would consist of 312,523,237 common shares, with 4,961,668 options outstanding.
At 0943 BST, shares in Orosur Mining were down 0.19% at 13.08p.
Reporting by Josh White for Sharecast.com.
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