Ortac Resources Limited Board Appointment (2549K)

TIDMOTC

RNS Number : 2549K

Ortac Resources Limited

06 July 2017

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

6 July 2017

ORTAC RESOURCES LTD

("ORTAC" OR THE "COMPANY")

Board Appointment

Ortac Resources Ltd ("Ortac"), the AIM listed exploration and mine development company operating in Europe and Africa, is pleased to announce the appointment of Brian McMaster to its Board of Directors as a Non-Executive Director, as of 01 August 2017.

Brian has extensive experience in the mining sector, having been involved in the industry for over 20 years. Brian also has considerable capital markets expertise and is currently a Director of Harvest Minerals Limited (AIM:HMI), Jangada Mines (AIM:JAN), Valor Resources Limited (ASX:VAL) and Five Star Diamonds Limited (TSX-V:STAR).

Brian is a member of The Institute of Chartered Accountants in Australia and was until 2011 a partner at restructuring and capital advisory firm, Kordamentha. Prior to that he was a partner at Ernst & Young.

Nick von Schirnding, Non-Executive Director of Ortac, commented:

"I am delighted to welcome Brian to the board of Ortac. Having worked closely with Brian over the past few years we look forward working with Brian as Ortac enters an exciting phase of the Company's development. Brian has a strong track record of delivering value for shareholders and I firmly believe he will be a major asset to the Company."

Contacts

 
 Ortac Resources Ltd               +44 (0) 20 
  Vassilios Carellas (CEO)          3874 8664 
 SP Angel (Nominated Adviser 
  & Broker)                        +44 (0) 20 
  Ewan Leggat / Lindsay Mair        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 Congo and Zambia.

In addition to its 100% holding in the Kremnica Mining Licence Area in Slovakia, Ortac also holds an 18.48% interest in Andiamo Exploration Limited, a private company exploring for resources in Eritrea; a convertible in Zamsort Limited, a private company located in Zambia, which is convertible into a 19.35% interest; and a convertible in CASA Mining Ltd, a private gold mine development company advancing the large-scale Misisi Gold Project in the Democratic Republic of the Congo, which is convertible into a 45% interest.

For more information visit www.ortacresources.com

Appendix:

Brian Keith McMaster, 46, currently holds or has held the following directorships and partnerships in the last five years:

 
 Current Directorships     Past Directorships 
                           Alloy Steel Corporation 
 Bounty Mining Limited      Limited 
 Brazphis Pty Ltd          Alvo Energy Limited 
 Contango Holdings 
  Plc                      Auzfert Pty Ltd 
                           Blackstar Petroleum 
 Fat Hog Pty Ltd            Limited 
 Five Star Diamongs        Brazil Graphite Pty 
  Limited                   Ltd 
 FSD Brazil Limited        Castillo Copper Limited 
 Garrison Capital          Copper Range (SA) 
  Partners Limited          Pty Ltd 
 Garrison Capital          Fair Capital Pty 
  (UK) Limited              Ltd 
 Garrison Capital          Firestone Energy 
  (Victoria) Pty Ltd        Limited 
 Harvest Minerals          FSD Management Pty 
  Limited                   Ltd 
 Hudson Bay Investments    Garrison Capital 
  Pty Ltd                   Pty Ltd 
                           Garrison Equities 
 Jangada Mines Plc          Pty Ltd 
 Nomad Mining Pty          Golden Spur Resources 
  Ltd                       Pty Ltd 
 Pedra Branca do Brasil    Goldtime Asset Pty 
  Mineracao Ltda            Ltd 
 South Coast Angus         Haranga Resources 
  Pty Ltd                   Limited 
                           Hudson Bay Pastoral 
 Vega Potash Limited        Pty Ltd 
 Valor Resources Limited   IODM Limited 
                           Lindian Resources 
                            Limited 
                           Paradigm Metals Limited 
                           Paradigm Queensland 
                            Pty ltd 
                           Sierra Oil Limited 
                           Southland Beff Pty 
                            Ltd 
                           Strzelecki Mining 
                            Limited 
                           Surat Gas Pty Ltd 
                           Tharsis Mining Pty 
                            Ltd 
                           The Colonial Copper 
                            Company Pty Ltd 
                           The Waterberg Coal 
                            Company Limited 
                           Tungsten NSW Pty 
                            Ltd 
                           Union Resources Pty 
                            Ltd 
                           United Grain Farms 
                            Pty Ltd 
                           Valor Resources Limited 
                           Voyager Exploration 
                            Pty Ltd 
                           Watershed Land Limited 
                           Watershed Premium 
                            Wines Limited 
                           Westar Industrial 
                            Limited 
                           Wolf Petroleum Ltd 
                           WWHD Property Ltd 
 

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

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July 06, 2017 02:00 ET (06:00 GMT)