Business
Update on the offer for Casa Mining Limited
Update on the offer for Casa Mining Limited.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n \n Ortac Resources Limited 13 December 2017 \n\nOrtac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration\n \n13 December 2017\nORTAC RESOURCES LTD \n(\"ORTAC\" or the \"COMPANY\")\n \nUPDATE ON THE OFFER FOR CASA MINING LIMITED\n \nOrtac Resources Ltd is pleased to announce that in relation to the offer for the balance of the issued share capital of Casa Mining Ltd (\"Casa\") (the \"Offer\"), it has increased its interest in Casa from approximately 45% to 84.7% since the Offer was announced on 10 November 2017.\nIf the Offer is accepted by all shareholders of Casa, then a total of approximately 100,000,000 new ordinary shares of no par value of the Company (\"New Ordinary Shares\") will be issued to Casa shareholders pursuant to the Offer and acquisition of Casa.\nOn 10 November 2017, Ortac made an application for a block admission of 100,000,000 New Ordinary Shares to trading on the AIM market of the London Stock Exchange plc and these shares were admitted to trading on AIM on 15 November 2017 (\"Block Admission\").\nTo date, Ortac has issued 66,554,808 New Ordinary Shares pursuant to the acquisition of Casa and the Offer, so up to 33,445,192 New Ordinary Shares potentially remain to be issued under the Block Admission.\n \nThe Offer remains open until 10 May 2018 and acceptances continue to be received daily.\n \nFollowing the issue of the New Ordinary Shares, the total issued share capital of the Company consists of 300,356,462 ordinary shares of no par value with voting rights (\"Ordinary Shares\"). The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 300,356,462 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \n**ENDS**\n \nContacts\n\n\n\n\nOrtac Resources Ltd\nNick von Schirnding (Chairman)\n \n\n\n+44 (0) 20 3874 8664\n\n\n\n\nSP Angel (Nominated Adviser & Broker)\nEwan Leggat / Lindsay Mair / Soltan Tagiev\n \nCelicourt Communications (PR)\nMark Antelme / Jimmy Lea\n\n\n+44 (0) 20 3470 0470\n \n \n+4...