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Director/PDMR Shareholding

22 Aug 2011 11:01

RNS Number : 7744M
Ortac Resources Limited
22 August 2011
 



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

 

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

Directors' Dealing

 

Ortac Resources Limited, the AIM listed exploration and development company focussed on natural resource projects in Europe, was notified on 19 August 2011 that Anthony Balme, Executive Chairman, through the Carter Capital Pension Scheme, his pension fund in which he is the beneficiary, acquired on 19 August 2011 2 million ordinary shares at an average price of 92.5p each.

 

Following this transaction, Mr Balme has an interest in 159,373,463 Ordinary Shares representing approximately 6.9% of the Company's issued ordinary share capital.

 

 

 

 

**ENDS**

 

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

Vassilios Carellas

Ortac Resources Ltd

Tel: +44 (0) 20 7440 0646

Charles Wood

Ortac Resources Ltd

Tel: +44 (0) 20 7440 0646

Jeremy Stephenson

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Stewart Dickson

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Catherine Leftley

Seymour Pierce Limited

Tel: +44 (0) 20 7107 8000

Jeremy King

Optiva Securities Ltd

Tel: +44 (0) 20 3137 1904

Jason Robertson

Optiva Securities Ltd

Tel: +44 (0) 20 3137 1906

Hugo de Salis

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

Notes:

 

Ortac Resources Limited is an AIM listed exploration and development company focussed on natural resource projects projects in Europe. Its focus is on the Carpatho Balkan Metallogenic Belt, initially the Central Slovakian Volcanic Field.

 

The Company has a current JORC compliant resource of 1.1Moz of gold equivalent from its Kremnica Gold Project in Slovakia, and Snowden Mining Industry Consultants Pty are in the process of preparing a preliminary scoping study on the project, which is expected in H2 2011. The Company's objective is to complete a definitive feasibility study and environmental impact assessment with a view of bringing the Kremnica Gold Project into production.

 

The Company's strategy is to utilise its highly experienced board and management team and its solid foothold in Central Europe to consolidate additional precious metal development opportunities to build shareholder value.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSBLLFLFVFBBBB
Date   Source Headline
21st Feb 20127:00 amRNSPositive Drill Results - Sturec Project Slovakia
10th Jan 20127:00 amRNSCompletion of Sturec Deposit Scoping Study
23rd Dec 20117:00 amRNSBoard Changes
25th Oct 20117:00 amRNSHigh Grade Intercepts - Sturec Deposit, Kremnica
20th Oct 20117:00 amRNSExploration Commences at Zlata Bana Licence
4th Oct 20117:00 amRNSExploration Commences at Cejkov Licence, Slovakia
22nd Sep 20117:00 amRNSFurther Positive Drill Results,Kremnica Project
7th Sep 201112:20 pmRNSResult of AGM
7th Sep 20117:00 amRNSAGM Statement
22nd Aug 201111:17 amRNSDirector/PDMR Shareholding Replacement
22nd Aug 201111:01 amRNSDirector/PDMR Shareholding
16th Aug 20114:10 pmRNSNotice of AGM and posting of Report and Accounts
26th Jul 20119:55 amRNSPreliminary Results
26th Jul 20119:50 amRNSChange of Adviser
18th Jul 20117:00 amRNSResult of Geophysical Survey - Lutila
5th Jul 20117:00 amRNSPositive silver assay results - Kremnica, Slovakia
27th Jun 20117:00 amRNSAppointment of Group Mining Engineer
21st Jun 20117:00 amRNSInitial Drill Results from Kremnica Gold Project
14th Jun 20117:00 amRNSGeophysical Survey at Lutila Gold Licence
24th May 20117:00 amRNSAppointment of Chief Financial Officer
18th Apr 20117:00 amRNSKremnica Gold Project Progress Report
7th Apr 201110:00 amRNSRio Paranaiba Update
22nd Feb 20117:00 amRNSHolding(s) in Company
18th Feb 20113:40 pmRNSExercise of Options
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9th Feb 20117:00 amRNSGBP8.4m Raised to Advance Kremnica Gold Project
7th Feb 20113:56 pmRNSSeeking to Raise Approximately £8 Million
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25th Jan 20117:00 amRNSRaises JORC Resource to 1.1Moz Au Eqv.
10th Jan 20117:00 amRNSAppointment of Lead Broker
22nd Dec 20107:00 amRNSInterim Results
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19th Oct 20104:18 pmRNSIssue of Options
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23rd Sep 20107:00 amRNSNotice of AGM
21st Sep 201010:46 amRNSHolding(s) in Company
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