Orsu Metals Corporation
AIM : OSU
TSX : OSU

Orsu Metals Corporation

September 14, 2009 05:47 ET

Orsu Metals Corporation Sale of Varvarinskoye Project

LONDON,UNITED KINGDOM--(Marketwire - Sept. 14, 2009) - Orsu Metals Corporation ("Orsu"or the "Company") (TSX:OSU)(AIM:OSU) and OJSC Polymetal ("Polymetal") arepleased to confirm that they have extended the long stop date relating tothe previously announced definitive sale and purchase agreement (the "SPA") ofOrsu'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 13October 2009 upon receipt 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