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Orsu Metals (OSU)

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Thursday 12 September, 2013

Orsu Metals

New Exclusivity Agreement for Potential Sale of...



September 12, 2013

New Exclusivity Agreement for Potential Sale of Akdjol-Tokhtazan

LONDON, UNITED KINGDOM--(Marketwired - Sept. 12, 2013) - Orsu Metals Corporation ("Orsu" or the "Company"), the dual 
listed (TSX:OSU)(AIM:OSU) London-based base and precious metals exploration and development company today announces 
that it has entered into a new exclusivity agreement ("New Exclusivity Agreement") with David-Invest LLP ("David 
Invest"), a Kyrgyz registered company, with a view to the potential sale of its Akdjol-Tokhtazan gold exploration 
licences in Kyrgyzstan ("Licences") through either the sale of its wholly owned subsidiary, Tournon Finance Limited 
("Tournon"), or Tournon's wholly owned subsidiary, Oriel In Kyrgyzstan LLC ("OIK"), respectively the indirect and 
direct holders of the Licences. The Company's interest in the Licences was classified as held for sale in 2011 
following the Board's decision to actively market the asset and focus on developing its Karchiga Project, the 
Company's principal copper asset in north-eastern Kazakhstan. The previous exclusivity agreement with David-Invest 
(see the Company's press release dated 1 November 2012) expired on 1 September 2013.

The key terms of the New Exclusivity Agreement are as follows:

--  David Invest has been granted a further exclusive right to purchase
    Tournon or OIK until 31 December 2013, (the "Exclusivity Period") 

--  in return for being granted exclusivity David-Invest will fund the
    exploration programme for the Licences (which are due to expire on 31
    December 2015) on a non-refundable basis for the remainder of 2013; and 

--  David-Invest has the option to purchase the entire share capital of
    Tournon or OIK at any time on or before the expiry of the Exclusivity
    Period for a consideration of US$4.5 million. 

Other than as described above, there have been no significant changes to the terms of the original exclusivity 
agreement signed in 2012.

The carrying value of the Licences as at 30 June 2013 was US$4.4 million, and the losses attributable to the Licences 
for the year ended 31 December 2012 were US$1.7 million.

The Company will apply any proceeds from a sale to working capital and identification of other early stage exploration 
opportunities consistent with the Company's strategy.


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, 2013, filed under the Company's profile on SEDAR at

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.



Orsu Metals Corporation
Kevin Denham
Chief Financial Officer and Company Secretary
+44 (0) 20 7518 3999


Canaccord Genuity Limited
Andrew Chubb
+44 (0) 20 7523 8000


Vanguard Shareholder Solutions
+1 604 608 0824


Orsu Metals Corporation

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