Ogier have assisted their client, Orsu Metals Corporation, the London based dual listed (TSX and AIM) base and precious metals exploration and development company, with the British Virgin Islands elements of a subscription for shares and warrants in Orsu by Gold Fields Exploration B.V., a wholly owned subsidiary of Gold Fields Limited.
This transaction required the formal waiver of the Kazakh Government's pre-emptive right as well as consent from the relevant Kazakh authorities for the issuance and placement of securities due to Orsu's 94.75% ownership of the Karchiga Volcanogenic Massive Sulphide copper project in north Kazakhstan.
The newly issues shares have been listed on the TSX and on AIM.
The Ogier team was led by Simon Dinning, partner with senior associate Wendy Walker assisting.
Simon Dinning said "We continue to be the BVI market leader in representing listed natural resources clients and are delighted to have assisted Orsu on this successful project. Emerging markets, such as Kazakhstan, are coming to the fore due to their rich mineral wealth. With our global experience in assisting both public and private clients in this space, we are perfectly placed to deal with the offshore elements of all natural resources deals whether acting for junior companies or the more well established such as Orsu."
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