Business
Orosur Mining Inc Announces Granting of RSUs
LONDON, UK / ACCESS Newswire / May 2, 2025 / Orosur Mining Inc. ("Orosur" or "the Company") (T...
About this update from Orosur Mining Inc.
[{"type":"text","content":"Orosur Mining Inc Announces Granting of RSUsLONDON, UK / ACCESS Newswire / May 2, 2025 / Orosur Mining Inc. (\"Orosur\" or \"the Company\") (TSXV:OMI)(AIM:OMI) announces the granting of an aggregate of 7,550,000 Restricted Stock Units (\"RSUs\") to directors, officers, employees and consultants, upon recommendation of the Company's Remuneration Committee, in recognition of the Company's recent performance and as incentivisation for future performance. Further to the award of the RSUs set out above, the total number of shares under Option, RSUs and DSUs is 18,538,332 which represents 5.9% of the non-diluted issued share capital of the Company.Award of Options and RSUsIn line with the Company's Equity Incentive Plan which was approved by shareholders at the Company's AGM in December 2023, officers, employees and consultants of the Company have been granted a total of 3,400,000 RSUs and 4,150,000 RSUs were also granted to Directors. The RSUs entitle the holder to new common shares of the Company upon the vesting conditions for the RSU being satisfied. There is no price paid for the RSUs and they expire three years after the date of grant. The RSUs shall vest in two equal parts: half on the first anniversary of this grant and half on the second anniversary.A summary of Director and Officer RSU grants and resultant interests is as follows:Directors & Officers RSUs awarded Total RSUs DSUs and options held % Shareholding currently held in the Company Louis Castro 1,850,000 4,500,000 0.07%Brad George 1,400,000 3,290,000 0.10%Thomas Masney 450,000 870,000 - Nick von Schirnding 450,000 1,020,000 - Omar Gonzalez 100,000 350,000 - Joaquín Sarroca 950,000 1,726,666 0.04%Total 5,200,000 11,756,666 0.21%Note 1: Percentage interest in total number of common shares currently issuedNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons associated closely with them:1Details of person discharging managerial responsibilities/person closely associateda)Full Namei. Louis Castroii. Bradley Georgeiii. Thomas Masneyiv. Nick von Schirndingv. Joaquin Sarrocavi. Omar Gonzalez2Reason for notificationa)Position/Statusi) Chairman of the Boardii) CEO and Directoriii) Non-Executive Directoriv) Non-Executive Directorv) Company Secretary and Corporate Counselvi) CFOb)Initial notification/amendment...