leadf
logo-loader
viewArc Minerals Limited

Ortac Resources executive chairman Balme buys shares

share_certificate_350_4d77f04c9d3d8_52fb32294d546.jpg

Ortac Resources (LON:OTC) executive chairman Anthony Balme now holds 6.93% of the firm after a share purchase.

On Tuesday, Feb 11, through his ISA, he bought 2 million Ortac shares at 0.235p each, it said in a brief statement.

Shares are trading today up 10.64% to 0.26p each.

On February 3, the company said Andiamo Exploration, with which it recently struck a strategic tie-up, has unveiled a deal to expand exploration in Eritrea.

Andiamo has granted Environminerals East Africa (EEA) an option to earn a 50% interest and subsequently a 75% interest in its rights over 87 square kilometres (sq. km) in the northern part of the Haykota licence, which spans a total of 252 sq. km.

This represents 35% of the total licence area held by Andiamo.

Quick facts: Arc Minerals Limited

Price: 4.174 GBX

AIM:ARCM
Market: AIM
Market Cap: £40.93 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arc Minerals Limited named herein, including the promotion by the Company of Arc Minerals Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Investor Update: Oracle Power's Pakistan block recognised as potential...

Headlines from the Proactive UK newsroom. Oracle Power PLC’s (LON:ORCP) resource on Block VI at Thar in Pakistan has been officially recognised as a potential coal gasification into fertiliser project. Pakistan is estimated to face a sizeable fertiliser shortage by 2026. Arc Minerals Ltd...

on 19/11/19

2 min read