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Ortac Resources Ltd (OTC)

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Thursday 03 May, 2012

Ortac Resources Ltd

Holding(s) in Company

RNS Number : 6132C
Ortac Resources Limited
03 May 2012
 



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

3 May 2012

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

Holdings in Company

 

Ortac Resources Ltd the AIM listed exploration and development company focussed on precious metal projects in Europe, received notification on 2 May 2012 that following an acquisition of ordinary shares in the Company on 1 May 2012, Henderson Global Investors has increased its holding to 256,166,095 shares, representing 11.06% of the issued share capital and voting rights of the Company.

 

**ENDS**

 

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

Vassilios Carellas

Ortac Resources Ltd

Tel: +44 (0) 20 7389 9050

Charles Wood

Ortac Resources Ltd

Tel: +44 (0) 20 7389 9050

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

Susie Geliher

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 in Europe.  Its primary focus is on precious metals exploration and development within the Carpatho-Balkan Metallogenic Belt, primarily the Central Slovakian Volcanic Field.

 

The Company has a current JORC compliant resource of 1.1Moz of gold equivalent from its Šturec Project in Slovakia, and a scoping study on the project was completed in January 2012.  The Company's objective is to complete a bankable feasibility study (BFS) and environmental and social impact assessment (ESIA) of the project, with a view to bringing the Šturec Project into production for the benefit of all stakeholders.

 

The Company's strategy is to utilise its highly experienced board and management team and its solid foothold in Central Europe to consolidate additional natural resource 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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