RNS

RNS Number : 4653K
Ortac Resources Limited
07 July 2017
 

Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration

 

7 July 2017

ORTAC RESOURCES LTD 

("ORTAC" OR THE "COMPANY")

 

Update on Misisi gold project

 

Ortac Resources Ltd ("Ortac"), the AIM listed exploration and mine development company, has been informed by CASA Mining Limited ("CASA"), that the drilling campaign at the Misisi gold project in the DRC is now expected to commence within the next month.

Following conversion of the Company's convertible loan note, Ortac will hold an approximate, 45% equity interest in CASA.

 

Market Abuse Regulation ("MAR") Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

Contacts

Ortac Resources Ltd

Vassilios Carellas (CEO)

 

+44 (0) 20 3874 8664

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Lindsay Mair

 

Celicourt Communications (PR)

Mark Antelme / Jimmy Lea

+44 (0) 20 3470 0470

 

 

+44 (0) 20 7520 9261

 

 

 

About Ortac

 

Ortac Resources Limited is an AIM listed exploration and mine development company focused on a diversified portfolio of mining projects with interests in Slovakia, Eritrea, the Democratic Republic of Congo and Zambia. 

 

In addition to its 100% holding in the Kremnica Mining Licence Area in Slovakia, Ortac also holds an 18.48% interest in Andiamo Exploration Limited, a private company exploring for resources in Eritrea; a convertible in Zamsort Limited, a private company located in Zambia, which is convertible into a 19.35% interest; and a convertible in CASA Mining Ltd, a private gold mine development company advancing the large-scale Misisi Gold Project in the Democratic Republic of the Congo, which is convertible into a 45% interest.

 

For more information visit www.ortacresources.com

 


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