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

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.