LONDON, UNITED KINGDOM
-- (Marketwired)
-- 09/02/15
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:
No. of Options No. of Options held
Name granted after the grant
Directors
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).
Contacts:
Orsu Metals Corporation
Kevin Denham
Chief Financial Officer and Company Secretary
+44 (0) 20 7518 3999
+44 (0)20 7518 3998 (FAX)
info@orsumetals.com
www.orsumetals.com
Canaccord Genuity Limited
Henry Fitzgerald O'Connor/Oliver Donaldson
+44 (0) 20 7523 8000
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