14 Sep 2009 10:54
TSX: OSU
AIM: OSU
PRESS RELEASE
14 September 2009
Orsu Metals Corporation
Sale of Varvarinskoye Project
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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
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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