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Ortac gains 14% equity share in Zambia copper/cobalt company

By:  
Creamer Media Contributing Editor Online
 
COPPER
Mineral exploration company Ortac Resources has agreed to convert its secured convertible loan notes, valued at $828 472, and to partially convert its call option agreement, into an equity position of 14% in Zamsort, which owns the Kalaba copper and cobalt project, in Zambia. The remaining balance of the loan notes have been extended to December 31, 2018.
 
 
 
 
 

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