Ortac Resources' shares rise as it lifts investment in Casa Mining
Shares in exploration and mine development company Ortac Resources are up almost 8% after it lifted its investment in Casa Mining to 21.71%.
Arc Minerals Limited NPV (DI)
1.72p
16:50 04/10/24
1.47%
0.03p
Financial Services
15,916.09
09:09 07/10/24
-0.52%
-83.12
FTSE AIM All-Share
739.02
09:10 07/10/24
n/a
n/a
It acquired 69,444 shares through a private placement at $0.72 a share, taking the company's total stake to 1.56m shares.
CEO Vassilios Carellas said the recently announced placing covered Casa's short-term working capital requirements and will enable it to complete an updated resource statement at its Akyanga project.
At 10:13 GMT, shares in AIM-quoted Ortac were up 7.41% to 0.03p each.