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Orsu Receives US$6.83 Million in Cash in Early and Final Settlement for Deferred Consideration and Oil Royalties

Date : 09/21/2011 @ 2:00AM
Source : UK Regulatory (RNS & others)
Stock : Orsu Metals (OSU)
Quote : 1.5  0.0 (0.00%) @ 3:54AM
Orsu Metals share price Chart

Orsu Receives US$6.83 Million in Cash in Early and Final Settlement for Deferred Consideration and Oil Royalties


 
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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