Casa Mining holds potentially lucrative gold ground in the Democratic Republic of Congo which already boasts a significant resource.
If Ortac’s offer is accepted by all shareholders of Casa, then a total of 100 mln new ordinary shares will be issued to Casa shareholders.
On 10 November 2017, Ortac made an application for a block admission of 100,000,000 New Ordinary Shares to trade on the AIM market of the London Stock Exchange plc and these shares were admitted to trading on AIM on 15 November 2017.
To date, Ortac has issued 77,597,646 New Ordinary Shares pursuant to the acquisition of Casa and the Offer, so up to 22,402,354 New Ordinary Shares potentially remain to be issued under the Block Admission.
The offer remains open until 10 May 2018 and acceptances continue to be received daily.