LONDON - Orosur Mining (LON:OMIN) Inc. (TSX-V/AIM:OMI), a South American-focused gold developer and explorer, has announced the successful addition of 18,939,394 new common shares to its capital structure, following a recent placement. The shares were admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) today, with each share priced at £0.066 (CAD$0.12).
The company's total issued and outstanding common shares now amount to 256,158,737, all carrying voting rights. This new figure is significant for shareholders who need to disclose changes in share ownership as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Orosur has also disclosed that its joint broker, Turner Pope Investments (TPI) Ltd, received a fee corresponding to six percent of the funds raised during the placement, amounting to £75,000, along with a corporate finance fee of £30,000. Additionally, TPI was granted 1,893,939 broker warrants, which is ten percent of the new common shares, exercisable at the placement price for the next five years.
Investors interested in the detailed use of proceeds from the placement and the gross amount raised are referred to the company's previous press release dated December 19, 2024. The company has not disclosed further details about the specific use of the proceeds from this share issuance in this announcement.
This latest development is based on a press release statement from Orosur Mining Inc. and is part of the company's ongoing efforts to finance its operations and exploration projects. The admission of the new shares is expected to provide additional capital for the company's activities, although the exact impact on the company's financial health and exploration capabilities remains to be seen.
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