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Orsu Metals Corporation Announces Appointment of New Chief Financial Officer and Update of Current Fully Diluted Share Capital
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Orsu Metals Corporation ("Orsu", or the "Company") (TSX:OSU)(AIM:OSU), the
London-based precious and base metals development and exploration company, is
pleased to announce that Mr Kevin Denham has been appointed as Chief Financial
Officer of the Company effective 1 May 2012. Mr Denham replaces Mr Petro
Mychalkiw who stepped down to pursue other business interests.
Mr Denham is a fellow of the Institute of Chartered Accountants in England and
Wales ('FCA'), member of the Securities Institute ('MSI') and holds the
Corporate Finance qualification of the Institute of Chartered Accountants in
England and Wales ('CF'). Prior to joining Orsu, Mr Denham was a capital markets
partner at Baker Tilly, Chartered Accountants, for whom he worked since 1997
(the last seven years as partner) specialising in transaction services for
companies undertaking IPOs and other transactions by already listed companies.
The Company also announces that, following the expiration of 62.7 million share
purchase warrants on April 16, 2012 the fully diluted share capital of the
Company, as at the date of this press release, is 173.4 million shares,
consisting of 157.7 million issued shares and 15.7 million share options.
Dr Sergey V Kurzin, Executive Chairman of Orsu, commented: "We are pleased that
Mr Denham agreed to join Orsu. His excellent corporate finance experience will
strengthen the Company's senior management team at the crucial stages of debt
financing and construction of the Karchiga project in Kazakhstan. We thank Mr
Mychalkiw for his past contributions and support."
