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.
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SOURCE: Orsu Metals Corporation