Orvana Minerals Corp T.ORV

Alternate Symbol(s): ORVMF

Metals & Mining Gold

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.

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Orvana Minerals Corp

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Comment by yogi33on Dec 20, 2011 5:07pm

250 Views

Post# 19339646

RE: RE: RE OPTIONS NEWBIE

ok...just checked (Management Information Circular last posted to Sedar in january 2010)....these options were expiring on Dec. 14, 2011....so they had three options here:

1. Let them expire (if the option price was higher than the share price...not the case here)
2. Cash them out (i.e. sell the option at market value and get the difference....at todays value about
.40/share based on $1.00 current price less the
.60 option price).
3. Exercise the option and buy the stock at the discounted option price.

Sedi shows that these two bought the stock (point 3 above) at the
.60 option price.

yogi....

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