11:55 AM EST - Orsu Metals Corporation : announced that, further to its press release dated July 31, 2012, it has signed a non-binding term sheet with RK Mine Finance (Master) Fund II LP, a part of the Red Kite Group.The principal terms include, subject to certain conditions: Provision of subordinated secured debt finance facilities of up to $25 million for the Company's Karchiga Project in Kazakhstan, comprising a $15-million subordinated loan and a sub-ordinated standby facility of up to $10 million, and: An off-take agreement for 100% of any future annual production of copper concentrate at the Karchiga Project, for the life of the mine. Orsu Metals Corporation
shares T.OSU are trading up $0.01 at $0.11.
