REG - Obtala Resources Ltd - Forestry Update <Origin Href="QuoteRef">OBT.L</Origin>

WoodboisAnnouncement

06/07/2016 07:06

RNS Number : 3425D
Obtala Resources Limited
06 July 2016
06 July 2016 
Obtala Resources Limited
("Obtala", the "Group" or the "Company")
(AIM: OBT)
Forestry Update
Obtala Resources Limited (AIM:OBT), the African focused agricultural and forestry company, announces today that it has received full payment of US$500,000 from two investors, one of whom being The Chairman, as per the investment agreement announced on the 30 June 2016.
The investment proceeds will be used to further develop production capabilities within the Forestry division by building additional drying units and investing in other operating machinery. 
Obtala Resources
Miles Pelham - Chairman
Paul Dolan - CEO
www.obtalaresources.com
+44 (0)20 7099 194
ZAI Corporate Finance Limited (Nomad) 
Ray Zimmerman/Peter Trevelyan-Clark/Jamie Spotswood
+44 (0)20 7060 2220
Brandon Hill Capital (Broker) 
Jonathan Evans
+44 (0)20 3463 5000

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