Orsu Receives US$6.83 Million in Cash in Early and Final Settlement for Deferred Consideration and Oil Royalties
September 21 2011 - 02:00AM
UK Regulatory
TIDMOSU
Orsu Receives US$6.83 Million in Cash in Early and Final Settlement for Deferred Consideration and Oil Royalties
FOR: ORSU METALS CORPORATION
TSX, AIM SYMBOL: OSU
September 21, 2011
Orsu Receives US$6.83 Million in Cash in Early and Final Settlement for Deferred Consideration and Oil
Royalties
Orsu Metals Corporation ("Orsu" or the "Company") (TSX:OSU)(AIM:OSU), the London-based precious and base metals exploration and development company, is pleased to announce that it has received an aggregate of US$6.83 million in cash.
Further to the announcement on 25 July 2011, Orsu has now received US$5.5 million in cash from Open Joint Stock
Company Polymetal as early and final settlement of its outstanding deferred consideration entitlement, pursuant
to the sale and purchase agreement dated June 13, 2009, relating to the sale of the Varvarinskoye gold-copper
project in Kazakhstan.
In addition, Orsu has received a further US$1.33 million in cash in final settlement of its outstanding oil
royalty interests.
The Company anticipates that its group cash balance at the end of September 2011, including the cash received
for the settlement of Orsu's aforementioned deferred consideration and oil royalty entitlements, will be
approximately US$14 million.
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 in this press release includes, but may not be limited to
statements relating to: the anticipated effect of the receipt of the deferred consideration and oil royalty
settlements on the group's cash balance and on the Company's financial statements. Factors that could cause
actual results to differ materially from those described in such forward-looking information include, but are
not limited to, adverse general market conditions, adverse changes in cost and capital estimates and other
anticipated expenses and certain other risks.
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 and related financial requirements, the economy, the mineral exploration industry in general. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Orsu Metals Corporation
Petro Mychalkiw
CFO
+44 (0) 20 7518 3999
www.orsumetals.com
Canaccord Genuity Limited
Ryan Gaffney / Andrew Chubb
+44 (0) 20 7050 6500
Vanguard Shareholder Solutions
+1 604 608 0824
Orsu Metals Corporation
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