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Client Announcements

Obtala Resources Ltd : Forestry Update

  •   06 July 2016

RNS Number : 3425D

Obtala Resources Limited

06 July 2016


06 July 2016

Obtala Resources Limited

("Obtala", the "Group" or the "Company")




Forestry Update


Obtala Resources Limited (AIM:OBT), the African focused agricultural and forestry company, announces today that it has received full payment of US$500,000 from two investors, one of whom being The Chairman, as per the investment agreement announced on the 30 June 2016.

The investment proceeds will be used to further develop production capabilities within the Forestry division by building additional drying units and investing in other operating machinery.



Obtala Resources

Miles Pelham - Chairman
Paul Dolan - CEO

+44 (0)20 7099 194

ZAI Corporate Finance Limited (Nomad)                

Ray Zimmerman/Peter Trevelyan-Clark/Jamie Spotswood

+44 (0)20 7060 2220

Brandon Hill Capital  (Broker)     

Jonathan Evans

+44 (0)20 3463 5000


This information is provided by RNS

The company news service from the London Stock Exchange