20th Jan 2014 10:20
LONDON (Alliance News) - Ortac Resources PLC Monday said it has raised gross proceeds of GBP500,000 by placing 200 million new shares at 0.25 pence each, funds it will use to strengthen its cash position and advance projects in Solvakia and Eritrea.
Ortac Resources shares were down 7.3% at 0.2689 pence Monday morning as the placing set a new reference price.
By Steve McGrath; [email protected]; @SteveMcGrath1
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