5th Dec 2008 16:20
TSX: OSU
AIM: OSU
PRESS RELEASE
5 December, 2008
Orsu Metals Corporation
Update on pending litigation
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Orsu Metals Corporation ("Orsu", or the "Company") (TSX: OSU, AIM: OSU) announces that further to an update on 31 October 2008 relating to the previously announced class action claim, Orsu advises that the original claim has been effectively replaced by a new claim similar in nature, by a new plaintiff. This claim has today been served on the Company.
As previously announced the Company's directors believe that the claim is without merit and have appointed legal counsel to defend and vigorously dispute it.
ENDS
For further information please contact:
Tania Tchedaeva, Company Secretary, Orsu Metals Corporation
Tel: +44 (0) 20 7518 3999
Gavin Dallas, Investor Relations, Orsu Metals Corporation
Tel: +44 (0) 20 7518 3999
Ryan Gaffney, Canaccord Adams Limited
Tel: +44 (0) 20 7050 6500
Keith Schaefer, Vanguard Shareholder Solutions
Tel: + 1 604 608 0824
www.orsumetals.com
Related Shares:
OSU.L