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Canadian News
Orsu Metals Closes Sale Of Varvarinskoye Gold-copper Mine In Northern Kazakhstan To OJSC Polymetal - Quick Facts
11/2/2009 6:22 AM ET
(RTTNews) -
Orsu Metals Corp (OSU.TO: News ,OSU.L: News ) announced the closing of the sale of its 100% owned Varvarinskoye gold-copper mine in northern Kazakhstan to OJSC Polymetal, previously announced on June 15, 2009. As a result of the sale, Orsu and its group companies no longer have any long-term debt or hedging obligations.
Orsu intends to use the proceeds from the sale of the Varvarinskoye Project to fund the company's operating costs and to fund ongoing exploration activities on its existing properties.
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by RTT Staff Writer
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