RNS

RNS Number : 3287A
Ortac Resources Limited
02 January 2018
 

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

 

2 January 2018

ORTAC RESOURCES LTD 

("ORTAC" OR THE "COMPANY")

 

Board Appointment

 

Ortac Resources Ltd is pleased to announce the appointment of Jonathan de Thierry to its Board of Directors as a Non-Executive Director, as of 2 January 2018.

 

Jonathan, an English graduate geologist has 25 years' experience in mining and investment banking in Africa & Europe.  He is a founder of Casa Mining and has raised significant capital for exploration and development of major DRC mineral projects.

 

Nick von Schirnding, Chairman of Ortac, commented:

 

"I am delighted to welcome Jonathan to the board of Ortac. Jonathan brings a wealth of experience having successfully developed a number of mining projects in the DRC.  I look forward to starting 2018 with a highly experienced board and management team in place."

 

 

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

Nick von Schirnding (Chairman)

 

+44 (0) 20 3874 8664

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Lindsay Mair / Soltan Tagiev

 

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 the Congo and Zambia. 

 

Ortac's current holdings include:

·     A recently announced, and in the process of completion, offer to acquire all the outstanding shares in CASA Mining Limited;

·     A 14 percent equity interest in Zamsort Limited, a private company focused on a prospective copper and cobalt licence in Zambia, with the c. 6 percent balance and interest (convertible note) being rolled forward to the end of 2018;

·     100 percent ownership of the Kremnica Mining Licence Area in Slovakia;

·     An 18.48 percent interest in Andiamo Exploration Limited, a private company exploring for resources in Eritrea.

 

For more information visit www.ortacresources.com

 

Appendix:

 

Jonathan Charles Wilfred de Thierry, aged 53, currently holds or has held the following directorships and partnerships in the last five years:

 

Current Directorships

Past Directorships

Casa Mining Ltd

MetalNRG Plc

Kaminex Limited

 

Red Sea Energy Ltd.

 

 

This announcement sets out all of the disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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