OSU Orsu Metals

 
TIDMOSU 
 
Update on Exclusivity Agreement for Potential Sale of Akdjol-Tokhtazan Project 
FOR:  ORSU METALS CORPORATION 
 
TSX, AIM SYMBOL:  OSU 
 
January 4, 2016 
 
Orsu Metals Corporation: Update on Exclusivity Agreement for Potential Sale of Akdjol-Tokhtazan Project 
 
LONDON, UNITED KINGDOM--(Marketwired - Jan. 4, 2016) - Orsu Metals Corporation ("Orsu" or the "Company"), the 
London-based dual listed (TSX:OSU)(AIM:OSU) base and precious metals exploration and development company, today 
announces that, further to the exclusivity agreement with David-Invest LLP, a Kyrgyz registered company, and a 
related company, David Way Limited, a Hong Kong registered company (together the "Potential Buyers") announced 
on April 7, 2015, the Potential Buyers have not exercised their option to purchase the Akdjol-Tokhtazan Project 
before the deadline of December 31, 2015. 
 
Consequently, the agreement has lapsed, and ongoing discussions between the Company and the Potential Buyers 
will continue on a non-exclusive basis. In parallel, the Company will consider the available options for this 
Project and will re-appraise the classification and carrying value of this Project as at December 31, 2015 (the 
Company's financial year end). The Company will retain the $400,000 non-refundable deposit received from the 
Potential Buyers and recognise this as income for the year ended December 31, 2015. 
 
FORWARD-LOOKING INFORMATION 
 
This press release contains forward-looking information which is not comprised of historical facts. Forward- 
looking information involves risks, uncertainties and other factors that could cause actual events, results, 
performance and opportunities to differ materially from those expressed or implied by such forward-looking 
information. Forward-looking information contained or referred to in this press release includes, but may not 
be limited to, the potential sale of the Licences and the timing and terms thereof, as well as the Company's 
expectations relating to the use of any proceeds received from such sale. 
 
Factors that could cause actual results to differ materially from those described in such forward-looking 
information include, but are not limited to, the inability to maintain the Licences and any required permits, 
authorizations and/or approvals from the appropriate regulatory authorities, and other risks relating to the 
regulatory framework in Kyrgyzstan, adverse changes in the laws or political environment in Kyrgyzstan, adverse 
changes in commodities prices, as well as certain other risks set out in the Company's public documents, 
including its annual information form dated March 27, 2015, filed under the Company's profile on SEDAR at 
www.sedar.com. 
 
The forward-looking information in this press release reflects the current expectations, assumptions and/or 
beliefs of the Company based on information currently available to the Company. In connection with the forward- 
looking information contained in this press release, the Company has made assumptions about: the Company's 
business, the economy and the mineral resources development and extraction industry in general; and the 
Company's ability to maintain the Licences. Although the Company believes that the assumptions inherent in the 
forward-looking information are reasonable, forward-looking information is not a guarantee of future 
performance and accordingly undue reliance should not be put on such information due to the inherent 
uncertainty therein. Any forward-looking information speaks only as of the date on which it is made and, except 
as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any 
forward-looking information, whether as a result of new information, future events or results or otherwise. 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Orsu Metals Corporation 
Kevin Denham 
Chief Financial Officer and Company Secretary 
+44 (0) 20 7518 3999 
www.orsumetals.com 
 
OR 
 
Canaccord Genuity Limited 
Henry Fitzgerald O'Connor 
+44 (0) 20 7523 8000 
 
 
 
 
Orsu Metals Corporation 
 

(END) Dow Jones Newswires

January 04, 2016 10:54 ET (15:54 GMT)

Grafico Azioni Orsu Metals (LSE:OSU)
Storico
Da Feb 2025 a Mar 2025

Grafico Azioni Orsu Metals (LSE:OSU)
Storico
Da Mar 2024 a Mar 2025