LONDON, UNITED KINGDOM--(Marketwired - 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.