Orsu Metals announces the sale of Karchiga Project- Kazakhstan for US$6 million
White Rock, BC (FSCwire) - 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 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.
ENDS
For further information, please contact:
Doris Meyer, Corporate Secretary, Orsu Metals Corporation
Tel: +1-604-536-2711 ext 6
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