AGM Results & Investor Q&A Session
AGM resolutions passed with high support; 970,000 DSUs granted to executives replacing 3,440,000 cancelled options.
- Shares voted 49,022,607 (prior 235,620,423 outstanding)
- Voting participation 20.8%
- DSUs granted 970,000
- Options cancelled 3,440,000
- Post-issuance equity instruments 10,988,332 (prior 4.6% of non-diluted issued share capital)
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AGM Results
Investor Q&A Session
London, 12 December, 2024, Orosur Mining Inc. ("Orosur" or "the Company") (AIM/TSXV: OMI), a minerals explorer and developer with projects in Colombia, Argentina and Nigeria, announces that at the Company's Annual General Meeting ("AGM") held earlier today, all resolutions put to shareholders were duly passed.
Details of the voting are set out below:
AGM Voting Results
At the AGM, a total of 49,022,607 common shares of the 235,620,423 shares outstanding as at the record date of November 4th 2024, were voted at the meeting, representing approximately 20.8% of the then issued and outstanding common shares of the Company. The votes cast were as follows:
| ORDINARY BUSINESS | FOR | AGAINST | VOTES WITHELD | VOTES FOR % |
|---|---|---|---|---|
| to set the number of directors of the Company for the ensuing year at four (4) members; | 48,918,190 | 177,937 | 0 | 99.64% |
| to elect Louis Castro as a director of the Company to hold office for the ensuing year; | 48,584,121 | 0 | 242,844 | 99.50% |
| to elect Bradley George as a director of the Company to hold office for the ensuing year; | 48,584,121 | 0 | 242,844 | 99.50% |
| to elect Thomas Masney as a director of the Company to hold office for the ensuing year; | 47,898,919 | 0 | 131,046 | 99.73% |
| to elect Nick von Schirnding as a director of the Company to hold office for the ensuing year; | 47,899,188 | 0 | 130,777 | 99.73% |
| to appoint Baker Tilly WM LLP, as the auditors of the Company for the ensuing year and, to authorise the board of directors to fix the auditors' remuneration; | 49,022,607 | 0 | 73,621 | 99.85% |
| to approve the cancellation of existing stock options and the issue of Deferred Share Units under the Company's Equity Incentive Plan and related matters. | 48,617,928 | 208,937 | 0 | 99.57% |
Issue of DSUs upon cancellation of options
Upon recommendation of the Company's Remuneration Committee and pursuant to the resolution approved by shareholders at today's AGM, the Company has granted 970,000 deferred share units ("DSUs") to replace 3,440,000 stock options which have now been cancelled, full details of which are set out in the Company's 2024 Management Information Circular available on its website.
Of the 970,000 DSUs issued, 850,000 DSUs were granted to Louis Castro (who now holds 1,800,000 options and 850,000 DSUs) and 120,000 DSUs were granted to Nick von Schirnding (who now holds 450,000 options and 120,000 DSUs). Following the issuance of DSUs and cancellation of options, the total number of shares under option, restricted share units ("RSUs") and DSUs is 10,988,332 which represents 4.6% of the non-diluted issued share capital of the Company.
Investor Q&A session
Orosur is pleased to remind shareholders that Louis Castro, Chairman and Brad George, Chief Executive Officer, will be holding a live Investor Q&A session via the Investor Meet Company platform on 16 December 2024 at 5.30 pm (UK local time).
Investors can sign up to the Investor Meet Company platform via :
| 1 | Details of person discharging managerial responsibilities/person closely associated | |
| a) | Full Name | i. Louis Castro ii. Nick von Schirnding |
| 2 | Reason for notification | |
| a) | Position/Status | i) Chairman ii) Non-Executive Director |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Orosur Mining Inc |
| b) | LEI | 213800CRYQM3M8G1OI19 |
| a) | Description of the financial instrument, type of instrument | Granting of Deferred Share Units ("DSUs") |
| b) | Identification code | ISIN: CA6871961059 |
| c) | Nature of transaction | Grant of DSUs |
| d) | Prices and volumes | i) 850,000 DSUs ii) 120,000 DSUs |
| e) | Aggregated information | 970,000 DSUs at nil price |
| f) | Date of transaction | December 12th, 2024 |
| g) | Place of transaction | Outside of trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.