Ortac Resources Limited Board Appointment (1418Y)
01 December 2017 - 9:41PM
UK Regulatory
TIDMOTC
RNS Number : 1418Y
Ortac Resources Limited
01 December 2017
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining
& Exploration
1 December 2017
ORTAC RESOURCES LTD
("ORTAC" OR THE "COMPANY")
Board Appointment
Ortac Resources Ltd is pleased to announce the appointment of
Michael Foster to its Board of Directors as a Non-Executive
Director, as of 01 December 2017.
Michael is the Founder and Executive Chairman of CASA Mining
Limited. Before this he was the non-executive Chairman of
Copperbelt Minerals Limited, a private company that discovered a
copper-cobalt deposit in the Democratic Republic of Congo and was
sold in 2012 for $191 million. He has also held senior roles at a
number of businesses on AIM and was Managing Director of Reunion
Mining PLC, a Main Market listed Africa focused mining and
exploration company, with assets in Namibia and Zimbabwe. Michael
holds an MBA in in Business Studies from the London Business School
and has a B.Sc (Hons) in Geology from the University of St Andrews,
Scotland.
Nick von Schirnding, Chairman of Ortac, commented:
"I welcome Michael to the Board of Ortac. He brings significant
mining experience to Ortac and has extensive knowledge of operating
in the DRC as one of the founders of CASA Mining, which Ortac is
acquiring, and has an intricate understanding of the business and
the geology. I look forward to working with Michael as we develop
the CASA project."
Contacts
Ortac Resources Ltd +44 (0) 20
Nick von Schirnding (Chairman) 3874 8664
SP Angel (Nominated Adviser
& Broker)
Ewan Leggat / Lindsay Mair / +44 (0) 20
Soltan Tagiev 3470 0470
Celicourt Communications (PR) +44 (0) 20
Mark Antelme / Jimmy Lea 7520 9261
About Ortac
Ortac Resources Limited is an AIM listed exploration and mine
development company focused on a diversified portfolio of mining
projects with interests in Slovakia, Eritrea, the Democratic
Republic of the Congo and Zambia.
Ortac's current holdings include:
-- A recently announced, and in the process of completion, offer
to acquire all the outstanding shares in CASA Mining Limited;
-- A 14 percent equity interest in Zamsort Limited, a private
company focused on a prospective copper and cobalt licence in
Zambia, with the c. 6 percent balance and interest (convertible
note) being rolled forward to the end of 2018;
-- 100 percent ownership of the Kremnica Mining Licence Area in Slovakia;
-- An 18.48 percent interest in Andiamo Exploration Limited, a
private company exploring for resources in Eritrea.
For more information visit www.ortacresources.com
Appendix:
Michael James Elliot Foster, aged 66, currently holds or has
held the following directorships and partnerships in the last five
years:
Current Directorships Past Directorships
---------------------- ------------------------
Casa Mining Ltd Copperbelt Minerals Ltd
---------------------- ------------------------
Premier African
Minerals Limited
---------------------- ------------------------
F2D Minerals Limited
---------------------- ------------------------
This announcement sets out all of the disclosures required
pursuant to Schedule 2, paragraph (g) of the AIM Rules for
Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOABGBDDRXGBGRB
(END) Dow Jones Newswires
December 01, 2017 05:41 ET (10:41 GMT)
Arc Minerals (LSE:ARCM)
Historical Stock Chart
From Apr 2024 to May 2024
Arc Minerals (LSE:ARCM)
Historical Stock Chart
From May 2023 to May 2024