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Appointment of Non-Executive Director

26 Jul 2012 07:00

RNS Number : 5091I
Ortac Resources Limited
26 July 2012
 



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

26 July 2012

Ortac Resources Ltd ('Ortac' or 'the Company')

Appointment of Non-Executive Director

 

Ortac Resources Ltd, the AIM listed exploration and development company focussed on natural resource projects in Europe, is pleased to announce the appointment of Mr. Paul Heber as a Non-executive Director with immediate effect. Mr. Heber, who has extensive experience in global stock markets and growth resource businesses, joins during a transformational period for Ortac with the completion of key milestones scheduled for 2012 such as the finalisation of the Pre-Feasibility Study at the Company's mature Šturec gold and silver deposit in central Slovakia.

 

Mr. Heber is an investment manager and stockbroker with over 20 years experience in global stock markets formerly with SGHambros Investment Management Ltd, Natwest Stockbrokers Ltd and WI Carr Investment Management Ltd. Since June 2003, Mr. Heber has been a director of bespoke boutique Savoy Investment Management, with over £1.2 billion of private and institutional funds under management. Mr. Heber is not only regulated by the FSA in London but also the FSB in Johannesburg and has a broad pan-African clientele alongside domestic UK, European and Bermudian business. He is currently director of AIM listed Cambria Africa plc focussed on investment in Zimbabwe, and Shanta Gold Plc, a gold exploration and development company focussed in Tanzania. 

 

Mr. Heber has demonstrated his commitment to the Ortac story with a holding of 2,600,000 shares in the Company which represents 0.1% of the issued share capital.

 

Ortac CEO Vassilios Carellas said, "I am delighted to welcome Paul to our growing and highly skilled board of directors and management at this exciting time for Ortac. His wealth of experience in global stock markets as well as his experience on the boards of other growth resource companies will be invaluable to our team as we progress the Company towards our goal of becoming a commercial producer of precious metals in the near term."

 

Mr. Paul David Heber, aged 49, is or has been a director of the following companies during the previous five years:

 

Current Directorships:

Directorships held within the previous five years:

Bosham Hoe Estate Co. Ltd

 

Cambria Africa Plc

 

Shanta Gold Plc

 

Savoy Investment Management Ltd

 

Save as set out in this announcement, there are no further matters to be disclosed in accordance with paragraph (g) of Schedule 2 of the AIM Rules for Companies.

**ENDS**

 

For further information please visit www.ortacresources.com or contact:

Vassilios Carellas

Ortac Resources Ltd

Tel: +44 (0) 20 7389 9050

Charles Wood

Ortac Resources Ltd

Tel: +44 (0) 20 7389 9050

Stewart Dickson

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Catherine Leftley

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Jacqui Briscoe

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Susie Geliher

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

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