Orsu Metals Update on Exclusivity Agreement for Akdjol-Tokhtazan
14 Outubro 2014 - 10:47AM
UK Regulatory
TIDMOSU
Update on Exclusivity Agreement for Akdjol-Tokhtazan
FOR: ORSU METALS CORPORATION
TSX, AIM SYMBOL: OSU
October 14, 2014
Update on Exclusivity Agreement for Potential Sale of Akdjol-Tokhtazan Project
LONDON, UNITED KINGDOM--(Marketwired - Oct. 14, 2014) - Further to its announcement on October 6, 2014, 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 not received the non-refundable deposit
of US$100,000 due under the terms of the conditional exclusivity agreement (the "Akdjol-Tokhtazan 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").
Consequently, the Akdjol-Tokhtazan Agreement has lapsed, and ongoing discussions between the Company and the
Potential Buyers will continue on a non-exclusive basis.
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 24, 2014, 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
Neil Elliot
+44 (0) 20 7523 8000
OR
Vanguard Shareholder Solutions
+1 604 608 0824
Orsu Metals Corporation
Orsu Metals (LSE:OSU)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025
Orsu Metals (LSE:OSU)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025
Notícias em tempo-real sobre Orsu Metals da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Orsu Metals