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

 

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

John Treacy / Ray Zimmerman

 

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

Jonathan Evans

 

Beaufort Securities Limited (Joint Broker)

Jon Belliss

 

+44 (0)20 3463 5000

 

 

+44 (0)20 7382 8300

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