Ortac Resources Ltd. announced that Vasillios Carellas, the company's CEO, will step down from the board of the company and will take up the role of Chief Operating Officer focusing on the Group's promising African exploration assets. Anthony Balme, a Non-Executive Director of the company, has advised the Board of his decision to resign as a Board Director and from the company, effective October 30, 2017. Nick von Schirnding will assume the role of Executive Chairman with Brian McMaster continuing as an independent Non-Executive Director. It is envisaged that a new independent Non-Executive Director will be appointed shortly.