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Ortac Resources executive chairman Balme buys shares

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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: 2.92 GBX

AIM:ARCM
Market: AIM
Market Cap: £21.55 m
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