27th Sep 2016 15:46
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:
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Ortac Resources Ltd |
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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
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Beaufort Securities Jon Beliss / Elliot Hance
| +44 (0)20 7382 8300 | |||
Peterhouse Corporate Finance Limited Guy Miller / Lucy Williams | +44 (0) 20 7469 0930 www.pcorpfin.com | |||
For additional information please visit - www.ortacresources.com
Related Shares:
Arc Minerals