Orsu Metals Corporation

Orsu Metals Corporation

September 02, 2015 14:41 ET

Orsu Metals Corporation: Grant of Options

LONDON, UNITED KINGDOM--(Marketwired - Sept. 2, 2015) - Orsu Metals Corporation (the "Company") (TSX:OSU)(AIM:OSU), the London-based precious and base metals exploration and development company, announces the grant of 13,000,000 options to purchase common shares of no par value in the Company (each an "Option") to the Directors and senior management of the Company as follows:

Name No. of Options
No. of Options held
after the grant
Dr Sergey V. Kurzin 4,000,000 4,000,000
Dr Alexander Yakubchuk 3,000,000 3,000,000
Mark Corra 1,500,000 1,500,000
Massimo Carello 1,500,000 1,530,000
David Rhodes 1,500,000 2,000,000
Senior management
Kevin Denham 1,500,000 1,500,000

The Options were granted on September 2, 2015 and each Option entitles the grantee to purchase one common share at an exercise price of CAD$0.02. The Options vest immediately and may not be exercised later than September 2, 2020.

In addition, on the same date, a further 2,700,000 Options were issued to employees and consultants on the same terms as above.

Following the grant, as at the date of this announcement a total of 16,305,000 options remain outstanding, representing approximately 8.9% of the 182,696,049 common shares in issue (on an undiluted basis).

Contact Information

  • Orsu Metals Corporation
    Kevin Denham
    Chief Financial Officer and Company Secretary
    +44 (0) 20 7518 3999
    +44 (0)20 7518 3998 (FAX)

    Canaccord Genuity Limited
    Henry Fitzgerald O'Connor/Oliver Donaldson
    +44 (0) 20 7523 8000