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Ortac Resources waves goodbye to director

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Ortac Resources (LON:OTC) has revealed executive director Charles Wood has left the Slovakian miner with immediate effect.

In a statement after the market closed, the company thanked Wood for his contribution to the AIM-listed company’s development.

The company just raised £500,000 through a placing to fund the development of its gold projects in Slovakia and Eritrea.

The placing followed a deal with Andiamo Exploration to acquire up to 26.75% of the firm for US$1.5mln.

Andiamo holds the 252 square-kilometre Haykota exploration licence in Eritrea, 50 km south-west of the producing Bisha Mine.


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Price: 2.7 GBX

AIM:ARCM
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