Orsu Metals Regulatory News (OSU)



Regulatory News for Orsu Metals (OSU)


Share Price: 4.625Bid: 4.25Ask: 5.00Change: 0.00 (0.00%)No Movement on Orsu Metals
Spread: 0.75Spread as %: 17.65%Open: 4.625High: 4.625Low: 4.625Yesterday’s Close: 4.625





Orsu Provides Update on Varvarinskoye Sale

Mon, 14th Sep 2009 10:54

RNS Number : 9920Y
Orsu Metals Corporation
14 September 2009
 

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TSX: OSU

AIM: OSU

PRESS RELEASE

14 September 2009


Orsu Metals Corporation


Sale of Varvarinskoye Project

__________________________________________________________________________________________________


Orsu Metals Corporation ("Orsu" or the "Company") (TSX: OSU, AIM: OSU) and OJSC Polymetal ("Polymetal") are pleased to confirm that they have extended  the long stop date relating to the previously announced definitive sale and purchase agreement (the "SPA") of Orsu's Varvarinskoye Gold-Copper Project in Kazakhstan to Polymetal. No commercial terms of the SPA have been amended and the parties expect to close the transaction prior to the extended long stop date of 13 October 2009 upon receipt of final third party approvals. 


ENDS

__________________________________________________________________________________________________


For further information please contact:

Dr Sergey Kurzin, Executive Chairman, Orsu Metals Corporation 

Tel: +44 (0) 20 7518 3999


Tania Tchedaeva, Company Secretary, Orsu Metals Corporation

Tel: +44 (0) 20 7518 3999


Gavin Dallas, Investor Relations, Orsu Metals Corporation

Tel: +44 (0) 20 7518 3999


Ryan Gaffney, Canaccord Adams Limited

Tel: +44 (0) 20 7050 6500


Keith Schaefer, Vanguard Shareholder Solutions

Tel: +1 604 608 0824

www.orsumetals.com



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGUUPABUPBUBC


Related Shares: Orsu Metals Corp. (OSU).




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