Last checked at 20 Apr 2017 07:00
20 April 2017
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration
ORTAC RESOURCES LTD
("ORTAC" OR THE "COMPANY")
Update - Slovakia
Ortac Resources Ltd, the AIM listed mineral exploration company operating in Europe and Africa, is pleased to announce that it has entered into an agreement to form a joint venture with a Slovakian company to jointly develop the Sturec Gold Project at Kremnica. The Sturec project has a reserve of just under 900,000 oz gold equivalent which has progressed to pre-feasibility stage. Meanwhile the process for final validation of the underground mining license as announced on 17 March 2017 continues on track.
Further details of the joint venture agreement will be published when it has been formalised in a legally binding contract.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
Ortac Resources Ltd Vassilios Carellas (CEO)
| +44 (0) 20 3874 8664 |
SP Angel Corporate Finance LLP Nominated Adviser & Broker Ewan Leggat / Lindsay Mair
| +44 (0) 20 3470 0470
|
Peterhouse Corporate Finance Limited Joint Broker Guy Miller / Lucy Williams
| +44 (0) 20 7469 0930 www.pcorpfin.com
|