Fabulous increase in value......EK has been tipping this one....for some time now.

StockMarketWire.com
Orosur Mining said it had completed a private placement to raise $2m with Newmont Mining Corporation and signed an exploration agreement with the US gold giant's Colombian subsidiary for the Anza exploration property.

The Anza project was located in Antioquia and comprised total land holdings of 207.5 square kilometers.

The exploration agreement included a three-phase earn-in structure allowing Newmont to earn up to a 75% ownership interest in the project by spending a minimum of $30.0m in qualifying expenditures over twelve years.

Newmont would complete a feasibility study and make cash payments to Orosur equaling a total of $4.0 million over the mine's first and second phases.

In the first phase, Newmont could earn a 51% ownership interest by spending $10.0m in expenditures over four years and making cash payments to Orosur of $2.0m during the first two years.

Upon Newmont's completion of that phase, it may elect, in its sole discretion, to exercise its option to form a joint venture with Orosur.

In the second phase, Newmont could elect to earn an additional 14% ownership interest by sole-funding $20.0m in expenditures within four years, completing the pre-feasibility study and making cash payments to Orosur of US$2.0m.

In the third phase, Newmont could elect to earn an additional 10% ownership interest in the project by completing a feasibility study within four years.

In the share placement, Newmont purchased around 29.2m shares at a price of C$0.091 (GBP 0.054) per share, for aggregate proceeds of $2.0m.

omi has a future now, 18pence a small gain for me, time 2020 year maybe a sell
or a bid for omi. BB

have sold, small amount of gold coming out of ground, no revenue, result of exploration in columbia, 2020 more money to finance this. no take over till
2020 if any. share is a dog. at this stage. BB