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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
 
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