Orsu Metals
Corporation Announces the Appointment of Mr Kevin
Denham as Chief Financial Officer and the Expiration of 62.7 Million Share
Purchase Warrants
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."