Ortac Resources Limited Notice of Name Change (6678B)
January 12 2018 - 2:00AM
UK Regulatory
TIDMOTC
RNS Number : 6678B
Ortac Resources Limited
12 January 2018
Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining
& Exploration
12 January 2018
ORTAC RESOURCES LTD
("ORTAC" or the "COMPANY")
Notice of Name Change
Ortac Resources is pleased to announce that the Company has
changed its name to Arc Minerals Ltd ("Arc Minerals") with
immediate effect. The Company's new ticker will be ARCM.LN and
trading under the new name is expected to commence on or around 22
January 2018. The Company's new website address is
www.arcminerals.com.
Nick von Schirnding, executive chairman commented: "The renaming
of the group to Arc Minerals represents an exciting new chapter for
us. This follows a number of material changes that have been
implemented over the past few months including executing a clear
strategy focusing on our high quality African exploration assets.
Having made major strides in consolidating and advancing our highly
attractive gold prospect at Casa, we are now actively pursuing
discussions with fellow stakeholders at Zamsort, which is an
attractive Zambian copper/cobalt asset. With a new and highly
experienced board of directors in place we look forward to an
exciting future as Arc Minerals ."
**ENDS**
Contacts
Ortac Resources Ltd
Nick von Schirnding (Executive +44 (0) 20
Chairman) 3874 8664
SP Angel (Nominated Adviser
& Broker)
Ewan Leggat / Lindsay Mair / +44 (0) 20
Soltan Tagiev 3470 0470
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.
Forward-looking Statements
This news release contains forward-looking statements that are
based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterised by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
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.arcminerals.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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