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Home : Orsu Metals Corporation: Update on Conditional Sale of Karchiga Project
Aug 19
2016

Orsu Metals Corporation: Update on Conditional Sale of Karchiga Project

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:
Source:http://www.marketwired.com/mw/release.do?id=2151956&sourceType=3
 
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