Microsoft Word - 2015_09_02 OSU Grant of Options - FINAL
Orsu Metals Corporation Tel :+44 (0)20 7518 3999
1 Red Place Fax :+44 (0)20 7518 3998
London, W1K 6PL [email protected]
United Kingdom www.orsumetals.com
Orsu Metals Corporation
(the "Company")
Grant of Options
TSX: OSU AIM: OSU
PRESS RELEASE
September 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 granted
No. of Options held 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).
ENDS
------------------------------------------------------------------------------------------------------------------------------------------------ For further information please contact:
Kevin Denham, Chief Financial Officer and Company Secretary, Orsu Metals Corporation
Tel: +44 (0) 20 7518 3999
Henry Fitzgerald O'Connor/Oliver Donaldson, Canaccord Genuity Limited
Tel: +44 (0) 20 7523 8000
www.orsumetals.com
------------------------------------------------------------------------------------------------------------------------------------------------