Further re Issue of Equity and Warrants

RNS Number : 0869K

Obtala Limited

04 July 2017

 

04 Jul 2017

Obtala Limited

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

(AIM: OBT)

Further re Issue of Equity and Warrants

Further to the announcement of 2 May 2017, Obtala Limited (AIM: OBT), the African focused agricultural and forestry company, announces that the cash subscription proceeds in respect of the amended subscription agreement announced on 2 May 2017 have not yet been received in full.   

The Company has received   approximately 5% of cash proceeds in good faith whilst settlement transfer issues are expected to be resolved within the next 20-30 business days and subscription completed.  Discussions continue with a view to completing the subscription and a further announcement will be made in due course.

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 (Joint Broker)      Jonathan Evans Beaufort Securities Limited (Joint Broker) Jon Belliss	[phone] [phone]

This announcement contains information which was previously inside information for the purposes of Article 7 of the Market Abuse Regulation EU Regulation 596/2014. 

 

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