Orsu Metals Corporation (TSX: OSU) (“Orsu” or the “Company”) has received approval to list its common shares on the TSX Venture Exchange (the “TSX-V”). Orsu’s common shares will continue to trade under the symbol “OSU” and will be listed and posted for trading at the opening of the TSX-V on February 1, 2017. The Company’s common shares will be voluntarily delisted from the Toronto Stock Exchange at end of trading on, January 31, 2017.
The acquisition of the Sergeevskoe gold project (announced September 21, 2016 and January 13, 2017) may be viewed by the TSX-V as a potential Reverse Takeover Transaction instead of a Fundamental Acquisition and if that is the case then pursuant to TSX-V policies the shares of Orsu may need to be halted as soon as it is posted for listing on the TSX-V so that it is listed on February 1, 2017 and then immediately halted. Orsu’s stock would then remain halted until TSX-V requirements are met.
The Board of Directors of the Company feel that as the majority of the Company’s peers trade on the TSX-V and that as it moves from being a development company to an exploration company that the TSX-V is a better fit for the Company at this stage of its development.
Orsu Metals Corporation
By: Sergey Kurzin, Executive Chairman
For further information, please contact:
Doris Meyer, Corporate Secretary, Orsu Metals Corporation
Tel: +1-604-536-2711 ext 6