RNS Number : 9876K
Ortac Resources Limited
27 September 2016

27 September 2016

Ortac Resources Ltd

("Ortac" or the "Company")


Holding in Company


The Board of Ortac, the AIM quoted exploration and mine development company, announces that Paternoster Resources plc has today confirmed to the Company that further to its participation in the recent placings it now holds 840,000,000 ordinary shares in Ortac, representing 11.7 % of the Company.


Vassilios Carellas, CEO of Ortac Resources Limited said: "We are pleased to see that Paternoster Resources plc have taken this strategic position and are now a key shareholder who see value in the Company's portfolio of assets".



For further information, please contact:


Ortac Resources Ltd


Vassilios Carellas (CEO)

 +44 (0) 20 7389 9050

SP Angel Corporate Finance LLP

(Nominated Adviser & Broker)
Ewan Leggat / Lindsay Mair

 +44 (0) 20 3470 0470


Joint Brokers



Beaufort Securities

Jon Beliss / Elliot Hance


+44 (0)20 7382 8300

Peterhouse Corporate Finance Limited

Guy Miller / Lucy Williams

+44 (0) 20 7469 0930




For additional information please visit - www.ortacresources.com


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