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Orsu Metals Corp

Orsu Metals issues shares to settle debt by insider

The 168,282 shares will be issued at $16.5 cents per share

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Orsu Metals Corp issues shares to settle debt

The TSX Venture Exchange has accepted for filing the proposal by Orsu Metals Corp (TSX-V:OSU) to issue 168,282 shares to settle an outstanding debt of $27,768.18.

The debt is by insider Sergei Stefanovich, the statement said. The 168,282 shares will be issued at $0.165 per share. The shares closed on Thursday at $0.19, off 2.56% on the day.

READ: Orsu Metals completes 2018 exploration at exciting Sergeevskoe gold project in Russia

The company will issue a news release when the shares are issued and the debt extinguished.

Reporting by Rene Pastor, contactable on [email protected]

 

Quick facts: Orsu Metals Corp

Price: $0.37

Market: TSX-V
Market Cap: $13.53 m
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