Orsu Metals Corporation
AIM : OSU
TSX : OSU

Orsu Metals Corporation

October 14, 2009 05:23 ET

Orsu Metals Corporation Provides Update on Sale of Varvarinskoye Project

LONDON, UNITED KINGDOM--(Marketwire - Oct. 14, 2009) - Orsu Metals Corporation ("Orsu"or the "Company") (TSX:OSU)(AIM:OSU) and OJSC Polymetal("Polymetal") confirm that they have extended the long stop date relatingto the previously announced definitive sale and purchase agreement (the "SPA")of Orsu's Varvarinskoye Gold-Copper Project in Kazakhstan to Polymetal. Nocommercial terms of the SPA have been amended and the parties expect to closethe transaction prior to the extended long stop date of 30 October 2009 uponreceipt of final third party approvals.

Contact Information

  • Orsu Metals Corporation
    Dr Sergey Kurzin
    Executive Chairman
    +44 (0) 20 7518 3999

    or

    Orsu Metals Corporation
    Tania Tchedaeva
    Company Secretary
    +44 (0) 20 7518 3999

    or

    Orsu Metals Corporation
    Gavin Dallas
    Investor Relations
    +44 (0) 20 7518 3999
    www.orsumetals.com

    or

    Canaccord Adams Limited
    Ryan Gaffney
    +44 (0) 20 7050 6500

    or

    Vanguard Shareholder Solutions
    Keith Schaefer
    +1 604 608 0824