[On :freetrade:] Orosur Mining (OMI)

UPDATE 15.12.2019

About Orosur Mining Inc.

Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a fully integrated gold producer, developer and explorer focused on identifying and advancing gold projects in South America.

About Newmont Mining Corporation

Newmont is a leading gold and copper producer with operations primarily in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015, 2016 and 2017. Newmont is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.

HIGHLIGHTS

ANZA PROJECT

The Anzá Project is located in Antioquia, Colombia, and comprises total land holdings of 207.5 km² in exploitation and exploration concessions and concession applications, covering more than a 20 km segment of the prospective Tonusco Fault.

EXPLORATION AND OPTION AGREEMENT WITH NEWMONT MINING

The Exploration and Option Agreement includes a three-phase earn-in structure allowing Newmont to earn up to a 75% ownership interest in the Anzá Project by spending a minimum of US$30.0 million in qualifying expenditures over twelve years, completing an NI 43-101 compliant feasibility study and making cash payments to Orosur equaling a total of US$4.0 million over Phases 1 and 2.

PRIVATE PLACEMENT

Newmont purchased 29,213,186 common shares at a price of C$0.091 (GBP 0.054) per share for aggregate proceeds of US$2.0 million which includes the initial advance of US$0.25 million previously announced on July 10, 2018. The figures are based on CAD exchange rates of CAD$1.00:0.5922GBP and CAD$1.3292:US$1.00.

In my opinion this stock gives a good exposure to the gold markets but the project is in a very early stage.

Link to the website is below /

News article / https://www.mining.com/newmont-cant-get-enough-colombia-buys-19-9-orosur/

Please could you add this :pray:

+1 here, purportedly the next GGP :grin:

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+1 You have my vote! With Freetrade Plus, we should be seeing this stock on Freetrade soon! Fingers :crossed_fingers:

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That’s indeed what Plus is about. Watch this space. :+1:

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Thanks @Viktor! :+1:

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Yes please this stocks going places!

1 Like