Directorate Change

RNS Number : 6654I

Obtala Resources Limited

05 July 2013

 



05 July 2013

Obtala Resources Limited

("Obtala" or the "Company")

(AIM: OBT)

Directorate Change

Obtala Resources Limited (AIM:OBT), the natural resource investment and development company, is pleased to announce the appointment of Joseph Philippe Cohen to the Board of Obtala as Finance Director with immediate effect.

Philippe is a Switzerland based multilingual executive with over 30 years of expertise in the natural resources and commodities sectors, with a wealth of experience in Africa. Philippe has an extensive network with financial institutions, the commodities trading community and emerging markets governments. Philippe worked for 14 years in Commodities and Structured Finance at BNP Paribas as well as Vitol. Philippe now works as a consultant specialising in originating, structuring, negotiating and managing transactions in the metals & mining sector as well as oil & gas ranging from exploration and production to downstream trading and services. Philippe is a graduate of the Ecole Supérieure de Commerce de Paris.

Philippe will be replacing Mike Bretherton who is stepping down from the board in order to pursue other commitments. We wish to thank Mike for his contribution to the growth of the Company and wish him every success for the future.

Commenting on today's announcement, Francesco Scolaro, Chairman of Obtala, said: "On behalf of the Board, I would like to welcome Philippe to Obtala. Philippe brings a wealth of experience in the natural resource sector and also from his extensive network throughout Africa which will undoubtedly benefit the Company as we continue our corporate growth plans. "

Directorships and partnerships currently held or previously held in the last five years by Joseph Philippe Cohen are as follows:

Current                                            Former

Q Resources Plc                                 Quantic Gold SA

African Excellence Investments Ltd

Ison Holding Sarl

There is no further information on Joseph Philippe Cohen required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Obtala Resources Francesco Scolaro - Chairman Simon Rollason - Managing Director www.obtalaresources.com	[phone]
Macquarie (Nomad and Broker)
Nicholas Harland	[phone]
Steve Baldwin

 

END

 

 

BOAUGUUCMUPWGMC