Orosur Mining Inc. announces that the Court in Uruguay has approved the payment plan agreement between the Company’s wholly owned subsidiary, Loryser SA and Loryser’s creditors . As previously announced, Loryser applied for a reorganization process in June 2018. In December 2018, Loryser proposed the Agreement to which 71.48% of its creditors consented. The public notice period has concluded, without [...]
Orosur Mining Inc. announces the results for the fiscal year ended May 31, 2019 . All dollar figures are stated in US$ unless otherwise noted. HIGHLIGHTS Colombia As announced on September 10, 2018 the Company completed the following agreements with Newmont Goldcorp in respect of the Anzá exploration property in Colombia: a non-brokered private placement of $2 million, and an exploration agreement with venture [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer is pleased to announce the start of exploration activities with Newmont at the Anzá project in Colombia and provide an update on the Uruguayan reorganisation process. Start of Exploration Activities in Colombia Exploration activities at the Anzá project have been initiated within the scope of the Exploration Agreement with Venture [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer announces the results for the third quarter ended February 28, 2019 . HIGHLIGHTS In February 2019, Orosur received US$500,000, being the first of four half yearly cash payments from Newmont Mining Corp. as part of the previously announced Exploration Agreement with Venture Option for the Anzá project in Colombia. In March 2019, Minera [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer is pleased to announce that the Company has appointed, with immediate effect, SP Angel Corporate Finance LLP as the Company's nominated adviser and joint broker. Update on Colombia Orosur has received from Newmont Mining the first of four half yearly US$500,000 cash payments as part of the previously announced Exploration Agreement with Venture [...]
Orosur Mining Inc. announces with much regret that its Chairman, John Walmsley, has passed away after an illness. Mr. Walmsley joined the Board of Directors as Chairman in 2013 and has served in that capacity since that time. Mr. Robert Schafer will become Interim Chairman of the Board. Ignacio Salazar, CEO of Orosur, commented: "It is with great sadness that we announce the loss of John. His strategic insight, courage [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer announces the appointment of Mr. Victor Hugo as Chief Financial Officer of the Company. The Board of Directors has appointed Mr. Hugo as the Company’s CFO. Mr. Hugo replaces Mr. Ryan Cohen, who has served as interim CFO since November 2018. The Company wishes to thank Mr. Cohen for fulfilling that role during this transition period. Mr. Hugo [...]
Orosur Mining Inc. , a South American-focused gold developer and explorer announces the results for the second quarter ended November 30, 2018 . All dollar figures are stated in thousands of US dollars unless otherwise stated. HIGHLIGHTS On September 10, 2018, the Company completed several agreements with Newmont for the Anzá exploration property in Colombia: The non-brokered private placement of $2 million; and [...]
Orosur Mining Inc. has filed a technical report prepared by Andes GMS SPA in accordance with National Instrument 43-101 Standards for Mineral Projects on the Anzá gold exploration project in Colombia . To view the full report, please visit www.orosur.ca/operations/technical-reports. Anzá is an advanced exploration project and the Report includes a review of the regional geology, local geology, types and [...]
Orosur Mining Inc. announces that its wholly-owned Uruguayan subsidiary, Loryser S.A. , has reached a payment plan agreement with creditors in Uruguay . Loryser has been working diligently to reach a fair and balanced solution in Uruguay in the interests of all its stakeholders. In parallel with ongoing discussions with third parties, Loryser has negotiated and reached an Agreement with the majority of its creditors. The [...]
Orosur Mining Inc. announces that at the Company’s Annual General Meeting held at 4:00 p.m. GMT today, all resolutions put to shareholders were duly passed. Additionally, the Company announces the streamlining of its senior management team to better align itself to the current situation and plans of the Company. Management Streamlining Considering the need to preserve cash during the current reorganization [...]
Orosur Mining Inc. announces the granting of an aggregate of 1,845,000 stock options to directors, officers and employees and the issuance of 3,477,581 common shares to Maxit Capital, LP in consideration of transaction fees relating to the recently announced transaction with Newmont. Additionally, the Company announces that copies of the Notice of Annual General Meeting have been sent to shareholders and a copy is also [...]
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