Source - SMW
Ortac has raised £200,000 through a placing of 800,000,000 new ordinary shares of no par value in the company at 0.025p per share the proceeds of which are to be used for general working capital purposes.

The company also announces that it has agreed to acquire an additional 640,000 shares in Andiamo Exploration Limited for a total consideration of £50,000 in cash. 

Following this acquisition, Ortac will hold 10,640,000 shares in Andiamo, increasing the Company's stake in the company to 26.99%. 

At 1:09pm: (LON:OTC) Ortac Resources Ltd share price was +0p at 0.03p