Ortac Resources Ltd. announced a corporate update on the company's board of directors and operations. A number of major changes are to be made to the board of directors of the company. Ortac Chairman, Mr. Anthony Balme, has advised the board of his intention to step down as chairman of the company at the company's annual general meeting in September 2017 and will focus his efforts on realising value from the company’s' Slovakian assets. Mr. Balme will be succeeded by Mr. Nick von Schirnding, currently a non-executive director of the company. Mr. Paul Heber, non-executive director has decided to retire from the board after having served the company for over five years and accordingly will not stand for re-election at the 2017 annual general meeting.