Last checked at 22 Aug 2011 11:01
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.