12th Feb 2015 09:25
LONDON (Alliance News) - Ortac Resources Ltd Thursday said it has issued a total of 10.7 million shares between an adviser to the company for fees owed and to a consultant for a performance bonus.
Ortac has issued 2.7 million shares to Leob Aron and Co at a price of 0.13207 pence per share for fees owed and 8.0 million shares to a former consultant as a performance bonus for "achievements in Slovakia," said the company. The total value of the share issue is GBP14,131.49.
Ortac shares were untraded on Thursday morning, last trading at 0.125 pence per share.
By Joshua Warner; [email protected]; @JoshAlliance
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