Orsu Metals Announces the Sale of Karchiga Project- Kazakhstan for US$6 Million

Orsu Metals Announces the Sale of Karchiga Project- Kazakhstan for US$6 Million

WHITE ROCK, BC / ACCESSWIRE / October 11, 2017 / Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) reports that the sale of the Company’s 94.75% participation interest in GRK MLD LLP (“MLD Interest”) for US$6 million less closing costs has been completed. Orsu received US$5,908,000 net proceeds on October 10, 2017, and the Company then transferred the MLD Interest to CMSS Global Supply and Trading – FZC, a corporation registered under the laws of the United Arab Emirates.

The Company had been seeking a replacement purchaser for the MLD Interest since the sale to Karasat Trading FZE failed in February 2017.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

SOURCE: Orsu Metals Corporation

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