Last checked at 12 May 2017 14:56
12 May 2017
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration
ORTAC RESOURCES LTD
("ORTAC" OR THE "COMPANY")
Holding in Company
The Company was notified on 12 May 2017 that Paternoster Resources plc ("Paternoster") still holds an interest in 8,400,000 ordinary shares of Ortac ("Ordinary Shares"), representing 5.65% per cent of the issued Ordinary Share capital of the Company. The notification was made to the Company as a consequence of a fall in Paternoster's interest in the Ordinary Share capital of the Company, expressed as a percentage of the issued Ordinary Share capital, following the increase of the Company's issued Ordinary Share capital pursuant to the equity placing announced by the Company on 2 May 2017 and not as a result of a disposal of any Ordinary Shares by Paternoster.
**ENDS**
For further information please visit www.ortacresources.com or contact:
Ortac Resources Ltd Vassilios Carellas (CEO)
| +44 (0) 20 7389 9050 |
SP Angel (Nominated Adviser & Broker) Ewan Leggat / Lindsay Mair | +44 (0) 20 3470 0470
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Peterhouse Corporate Finance Limited (Joint Broker) Guy Miller / Lucy Williams
| +44 (0) 20 7469 0930 www.pcorpfin.com |