WBI Woodbois Limited

TIDMOBT

RNS Number : 6201P

Obtala Limited

01 September 2017

01 Sep 2017

Obtala Limited

("Obtala", the "Group" or the "Company")

(AIM: OBT)

Funding Update

Further to the announcement of 4(th) 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                               +44 (0)20 3463 5000 
 
 Beaufort Securities Limited (Joint Broker) 
 Jon Belliss                                   +44 (0)20 7382 8300 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 01, 2017 09:09 ET (13:09 GMT)

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