Orsu Metals Corporation

Orsu Metals Corporation

November 24, 2009 11:57 ET

Orsu Metals Completes Share Consolidation

LONDON, UNITED KINGDOM--(Marketwire - Nov. 24, 2009) - Orsu Metals Corporation (the "Company") (TSX:OSU)(AIM:OSU), the London-based precious and base metals exploration and development company, announces that further to the announcement made on 12 November 2009, it has completed a consolidation of the Company's common shares on a ten for one basis (the "Consolidation") effective 24 November 2009. Following the Consolidation, the total issued capital of the Company is 45,696,049 common shares. Registered shareholders will be sent a letter of transmittal by the Company's transfer agent, Computershare Investor Services Inc., on 24 November 2009 to be used by such shareholders in order to receive new certificates representing their shareholdings post-Consolidation. A copy of the letter of transmittal will be available under the Company's profile on SEDAR at www.SEDAR.com

The Company's common shares will trade on AIM effective 24 November 2009 under a new ISIN, VGG6777T1562, and SEDOL, B3XS3G8 as a result of the Consolidation. The Consolidation will be effective for trading purposes on the Toronto Stock Exchange on or about 26 November 2009 and the common shares will trade under a new CUSIP, G6777T156.

Contact Information

  • Orsu Metals Corporation
    Petro Mychalkiw
    Chief Finance Officer
    +44 (0) 20 7518 3999
    Orsu Metals Corporation
    Tania Tchedaeva
    Company Secretary
    +44 (0) 20 7518 3999
    Canaccord Adams Limited
    Ryan Gaffney
    +44 (0) 20 7050 6500
    Vanguard Shareholder Solutions
    Keith Schaefer
    604 608 0824
    Computershare Investor Services Inc.
    Tel. within North America: 1-800-564-6253
    Tel. outside North America: 1-514-982-7555