BRIEF-Orsu Metals announces exclusive and binding heads of agreement for a proposed acquisition in Russia

Wed Sep 21, 2016 5:25pm EDT
 
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Sept 21 (Reuters) - Orsu Metals Corp

* Orsu Metals Corporation announces exclusive and binding heads of agreement for the proposed acquisition of the Sergeevskoe Gold Project in Russia

* Will issue 146.6 million new common shares in Orsu to sellers for acquisition of 30% of outstanding shares of Sibzoloto at deal closing

* At deal closing , sellers will own about 44.5% of enlarged share capital of Orsu Source text for Eikon: Further company coverage: