Funding Update

Further to the announcement of 4th 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

 

+44 (0)20 7099 1940
ZAI Corporate Finance Limited (Nomad)               

John Treacy / Ray Zimmerman

 

+44 (0)20 7060 2220
Brandon Hill Capital (Broker)    

Jonathan Evans

 

Beaufort Securities Limited (Joint Broker)

Jon Belliss

 

 

+44 (0)20 3463 5000

 

 

+44 (0)20 7382 8300

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