24 January 2017
Ortac Resources Ltd
("Ortac" or the "Company")
Board Appointment
The Board of Ortac, the mineral exploration company operating in Europe and Africa, is pleased to announce that it has appointed Nick von Schirnding to its Board of Directors as a Non-executive Director with immediate effect.
Nick has over 25 years' experience in Mining and Natural Resources, and is currently an executive with Garrison Capital, which has developed and listed companies in the resources sector. Formerly, Nick was the CEO of Asia Resource Minerals plc, a FTSE listed mining company, where he was instrumental in successfully restructuring the group (formerly Bumi plc). Nick was also previously the deputy chairman of Berau Coal, one of Indonesia's largest coal producers, and a senior executive with Anglo American plc and De Beers.
Vassilios Carellas, Ortac's CEO, commented: 'I am delighted to welcome Nick to the board of Ortac. Nick brings a wealth of experience and business acumen, especially from the mining and exploration sector, which will further enhance the skill set of the board.'
Further information in relation to Nick von Schirnding is provided below.
Nicholas Kurt von Schirnding, aged 54, currently holds or has held the following directorships and partnerships in the last five years:
Current Directorships
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Past Directorships |
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Asia Coal Resources Limited Asia Resource Minerals Limited (formerly BUMI plc) Carajas Copper Company Limited PT Berau Coal Energy Tbk Vallar Investments UK Limited |
This announcement sets out all of the disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.
-ENDS-
For further information, please contact: |
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Ortac Resources Ltd |
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Vassilios Carellas (CEO) |
+44 (0) 20 7389 9050 |
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SP Angel (Nominated Adviser & Broker) Ewan Leggat/Lindsay Mair |
+44 (0) 20 3470 0470 |
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Joint Brokers
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Beaufort Securities Jon Belliss / Elliot Hance
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+44 (0)20 7382 8300 |
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Peterhouse Corporate Finance Limited Guy Miller Lucy Williams |
+44 (0) 20 7469 0930 www.pcorpfin.com |
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For additional information please visit - www.ortacresources.com
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