VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 21, 2017) – Orsu Metals Corporation (TSX VENTURE:OSU) (“Orsu” or the “Company”) announced on January 26, 2017, the conditional transfer (the “Transfer”) of its 94.75% participation interest (“the “Interest”) in GRK MLD LLP (“MLD”) to Karasat Trading FZE (“Karasat”). The Transfer took place in Almaty, Kazakhstan on January 25, 2017. Orsu transferred the Interest to Karasat and the Transfer was duly registered with the Kazakhstan authorities. The purchase price for the Interest was to be paid by Karasat after the registration of the Transfer with the Kazakhstan authorities and upon release of funds from Karasat’s bank financier. The assignment deed evidencing the assignment of the USD 7,740,770 inter-company debt will only become effective upon Orsu’s receipt of the USD 7,650,000 purchase price. Receipt was expected not later than February 15, 2017 and Karasat has now informed Orsu that it needs additional time.
