REG - Obtala Limited - Further re Issue of Equity and Warrants <Origin Href="QuoteRef">OBT.L</Origin>

WoodboisAnnouncement

04/07/2017 13:00

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
+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 forthe purposes of Article 7 of the Market Abuse Regulation EU Regulation 596/2014.

This information is provided by RNS
The company news service from the London Stock Exchange
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