Obtala Limited Further re Issue of Equity and Warrants (0869K)
04 July 2017 - 9:55PM
UK Regulatory
TIDMOBT
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 +44 (0)20 3463 5000
Beaufort Securities Limited (Joint Broker)
Jon Belliss +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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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