Orsu Metals Corp.

Orsu Metals Corp. reports that the three directors of the Company: Sergey Kurzin, David Rhodes and Mark Corra have resigned effective immediately. A year ago, the Board had considered the sanctions made against Russia due to Russia's invasion of Ukraine, neither of which were expected to be resolved quickly. Given the Company's limited cash treasury and inability to raise additional equity financing, as a result of the [...]

Orsu Metals Corp. provides a corporate update. On November 30, 2022, the Company reported that following the disposition of its sole mineral project the TSX Venture Exchange determined that the Company did not meet the continued listing requirements for a Tier 2 listed company, and therefore the Company was on notice ending March 1, 2023 from the Exchange that its listing may be transferred to NEX if the Company does not [...]

Orsu Metals Corp. announces that effective January 18, 2023, Dan O'Brien and Ben Meyer have stepped down as Chief Financial Officer and Corporate Secretary, respectively. The Board thanks Mr. O'Brien and Mr. Meyer for their contributions to the Company over their tenure. Sergey Kurzin, Interim Managing Director ------------------------------------------------------------------------------------------------------------ For [...]

Orsu Metals Corp. reports that following the disposition of its sole mineral project, announced on November 14, 2022, the TSX Venture Exchange has determined that the Company does not currently meet the continued listing requirements for a Tier 2 listed company, and therefore the Company is on notice ending March 1, 2023 from the Exchange that its listing may be transferred to NEX if the Company does not meet Tier 2 [...]

Orsu Metals Corp. provides an update to its October 14, 2022, announcement following the termination of the non-binding letter of intent with respect to a business combination that would have resulted in a reverse takeover and change of business of Orsu . Subsequently, the Company sought and received shareholder approval by way of a consent resolution to waive the closing of the Proposed Transaction as a condition [...]

Orsu Metals Corp. entered into a non-binding letter of intent with Invenir Ltd. and Skyfire Ltd. with respect to a business combination that would result in a reverse takeover and change of business of Orsu , as announced in the Company's press release dated May 24, 2022. Pursuant to the LOI, the Proposed Transaction was subject to completion prior to September 30, 2022 . As the Proposed Transaction was not completed by [...]

Orsu Metals Corp. . Orsu is pleased to announce that the shareholders of Orsu have approved the disposition of Orsu's 90% interest in the Sergeevskoe gold project to the holders of the other 10% interest in the Russian Assets . The Disposition was approved by 99.6% of the votes cast by Shareholders, excluding the votes cast in respect of the shares held by the Buyers. All other matters put forward at the Meeting were [...]

Orsu Metals Corp. . As announced on May 24, 2022, Orsu entered into a share purchase agreement providing for the sale of Orsu's 90% interest in the Sergeevskoe gold project to the holders of the other 10% interest in the Russian Assets . The SPA provides that the Buyers will acquire the Majority Interest from Orsu for nominal consideration on closing, but will pay contingent consideration of up to a maximum US$4.5 million [...]

Orsu Metals Corp. provides an update on a business combination as announced on May 24, 2022. Orsu entered into a non-binding letter of intent with Invenir Ltd. and Skyfire Ltd. , pursuant to which Orsu and the Target Companies will complete a business combination that will result in a reverse takeover and change of business of Orsu . The Target Companies are arm's length's parties to the Company. The Company and the [...]

Orsu Metals Corp. . On September 21, 2017, the Board granted incentive stock options under the Company's 2017 Stock Option Incentive Plan to purchase an aggregate 2,845,000 common shares in the capital of the Company to directors, officers, employees and consultants exercisable for a period of five years expiring on September 21, 2022, at an exercise price of C$0.13 per common share. The Board of Directors approved an [...]