Orsu Metals Notice for Transfer from Tier 2 to NEX

ACCESSWIRE
17 Mar 2023, 02:19 GMT+10

VANCOUVER, BC / ACCESSWIRE / March 16, 2023 / Orsu Metals Corporation (TSX-V:OSU) ('Orsu' or the 'Company') provides a corporate update. On November 30, 2022, the Company reported that following the disposition of its sole mineral project (as announced on November 14, 2022) the TSX Venture Exchange (the 'Exchange') determined that the Company did not meet the continued listing requirements for a Tier 2 listed company, and therefore the Company was on notice ending March 1, 2023 (the 'Notice Period') from the Exchange that its listing may be transferred to NEX if the Company does not meet Tier 2 continued listing requirements prior to the expiry of the Notice Period.

NEX is a separate board of the Exchange, and it provides a trading platform for listed companies that have fallen below the Exchange's ongoing listing standards.

The Company's discussions and evaluation of a number of potential acquisitions combined with a concurrent equity financing with an aim to move the Company forward have not met with success. The Exchange will issue a bulletin to transfer the Company to NEX, effective, March 20, 2023.

ON BEHALF OF THE BOARD

Sergey Kurzin,

Interim Managing Director

For further information, please contact:

Sergey Kurzin, at 1-604-536-2711 or email: svkurzin@orsumetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Orsu Metals Corporation

View source version on accesswire.com:
https://www.accesswire.com/744222/Orsu-Metals-Notice-for-Transfer-from-Tier-2-to-NEX

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Los Angeles Herald.

More Information

48 ℉

Partly Cloudy in Los Angeles/Usc

International

Section

180 Rohingya Muslim refugees land boat in Indonesia's Aceh

JAKARTA, Indonesia: Officials from Indonesia's Aceh province said that more than 180 Rohingya Muslims landed this week by boat, in ...

Hong Kong demonstrators hold protest amidst strict restrictions

HONG KONG: Hong Kong's first authorized protest took place since the end of COVID-19 restrictions and under new strict security ...

Trying to avoid general call-up, Russia offering men cash to join army

MOSCOW, Russia: A new campaign has begun across Russia to attract badly needed recruits to replenish its troop numbers for ...

Security concerns behind proposed US ban of TikTok

WASHINGTON D.C.: US House of Representatives Speaker Kevin McCarthy has said that lawmakers will move forward on legislation aimed at ...

In first, US tribal university to offer PhD degree

CROWNPOINT, New Mexico: Navajo Technical University, located on the largest Native American reservation in the US, has become the first ...

Seven dead, ten injured after chocolate factory explodes

WEST READING, Pennsylvania: An explosion occurred at a chocolate factory in Pennsylvania, killing seven people and seeing ten staff members ...

California

Section