Orosur has announced its raising of c.£4.0m (gross) through an oversubscribed placing (the ‘Placing’) of new ordinary shares at a price of 17.0p per Placing Share, together with a grant of one unlisted warrant (‘Warrant’) for every two Placing Shares subscribed.
Warrant holders have the right to exercise on a 1-for-1 basis into new ordinary shares at any time up to 7 December 2022 at a price of 25.5p each. TPI considers this funding will potentially be sufficient to carry Orosur through to the completion of its Anzá Project’s pre-feasibility study. The Placing was undertaken by TPI, which has now been appointed as Orosur’s Joint Corporate Broker.
We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Orosur Mining Inc.. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.
The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.
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