| Orsu Metals Corporation: Grant of Options | |
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LONDON, UNITED KINGDOM--(Marketwired - Sept. 2, 2015) - Orsu Metals Corporation (the "Company") (OSU.TO)(OSU.L), 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
granted |
No. of Options held
after the grant |
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Directors |
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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 |
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|
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Senior management |
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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$0.02. The Options vest immediately and may not be exercised later than September 2, 2020.
In addition, on the same date, a further 2,700,000 Options were issued to employees and consultants on the same terms as above.
Following the grant, as at the date of this announcement a total of 16,305,000 options remain outstanding, representing approximately 8.9% of the 182,696,049 common shares in issue (on an undiluted basis).
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Orsu metals corporation
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EXPLORATION STAGE |
CODE : OSU.TO |
ISIN : VGG3192Y1007 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Orsu is a gold and copper development stage company based in United kingdom. Orsu holds various exploration projects in Kazakhstan. Its main exploration properties are TOKHTAZAN, TADYBULAK and TALAS in Kyrgyzstan and KARCHIGA in Kazakhstan. Orsu is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 6.4 millions as of today (US$ 4.9 millions, € 4.6 millions). Its stock quote reached its highest recent level on October 19, 2007 at CA$ 1.83, and its lowest recent point on March 04, 2016 at CA$ 0.01. Orsu has 182 696 049 shares outstanding. |