Funding Update

RNS Number : 6201P

Obtala Limited

01 September 2017

 

01 Sep 2017

Obtala Limited

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

(AIM: OBT)

Funding Update

Further to the announcement of 4^th July 2017, Obtala Limited (AIM: OBT), the African focused agricultural and forestry company, announces that discussions are continuing with Jiangsu Dolphin International Trading Co Ltd ("JDIT") regarding satisfying conditions of the subscription agreement.  JDIT has encountered unforeseen delays in achieving regulatory approval for external investment which they are seeking to resolve shortly and we will update the market in due course. The timing of the receipt of funds has not impacted our expansion plans in the second half of 2017.

Obtala Limited Miles Pelham - Chairman Paul Dolan - CEO www.obtala.com	[phone]
ZAI Corporate Finance Limited (Nomad)                 John Treacy / Ray Zimmerman	[phone]
Brandon Hill Capital (Broker)      Jonathan Evans Beaufort Securities Limited (Joint Broker) Jon Belliss	[phone] [phone]

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 

 

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