August 18, 2016 12:28 ET
LONDON, UNITED KINGDOM--(Marketwired - Aug. 18, 2016) - Further to the announcements dated April 11, May 5 and June 23, 2016, Orsu, the London-based TSX listed company (TSX:OSU) today announces that it has received consent from the Ministry for Investments and Development to the sale of the Company's indirect subsidiary, GRK MLD LLP, which holds the Company's interest in the Karchiga Project, as required under Kazakh law. The shareholders of the Company previously approved the sale at the Company's annual and special meeting held on June 23, 2016. The sale of the Karchiga Project remains subject to certain additional conditions precedent, including:
as well as other deliverables customary for transactions similar in nature to the proposed sale.
For further information regarding the proposed transaction, please see the Company's management information circular dated May 19, 2016, which is available on the Company's profile at www.SEDAR.com.
Orsu Metals CorporationKevin DenhamChief Financial Officer+44 (0) 20 7518 3999www.orsumetals.com
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