949cbc62-1146-48a0-a271-c7c57907467c.pdf
Berkeley Square, www.orsumetals.com London, W1BK 6BD
United Kingdom
Orsu Metals Corporation
(the "Corporation")
2016 Annual and Special Meeting
TSX: OSU PRESS RELEASE June 23, 2016
The directors of Orsu Metals Corporation (TSX: OSU), the London-based base and precious metals exploration and development company, are pleased to announce that shareholders approved all resolutions at the annual meeting of shareholders held at 11 a.m. (London time) on June 23, 2016, including in particular the special resolution authorizing the sale of the Corporation's 94.75% interest in its Karchiga Project (the "Karchiga Disposition") which was passed by 99.88% of the votes cast.
The detailed results of the vote for the election of directors are set out below.
On a vote conducted by ballot, each of the five nominees proposed by management was elected as a director of the Corporation:
|
Nominee
|
Votes for
|
% of votes
cast
|
Votes withheld
|
% of votes
cast
|
|
Dr. Sergey V. Kurzin
|
49,278,423
|
99.99
|
6,275
|
0.01
|
|
Dr. Alexander S. Yakubchuk
|
49,278,422
|
99.99
|
6,276
|
0.01
|
|
Mr. Mark Corra
|
43,228,697
|
87.71
|
6,056,001
|
12.29
|
|
Mr. Massimo Carello
|
43,230,297
|
87.72
|
6,054,401
|
12.28
|
|
Mr. David Rhodes
|
43,975,547
|
87.90
|
6,055,950
|
12.10
|
While shareholders of the Corporation have approved the Karchiga Disposition, the completion of the Karchiga Disposition remain subject to certain conditions precedent (including receipt of the necessary governmental approvals). Further information with respect to such conditions precedent and the Karchiga Disposition can be found in the Corporation's management information circulated, dated May 19, 2016, and the sale and purchase agreement, dated April 11, 2016 between, inter alia, the Corporation and Karasat Trading FZE, each of which are available under the Corporation's issuer profile on SEDAR at www.sedar.com.
ENDS
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For further information please contact:
Kevin Denham, Chief Financial Officer and Company Secretary, Orsu Metals Corporation
Tel: +44 (0) 20 7518 3999
www.orsumetals.com
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