Directorate Change

RNS Number : 2389U

Obtala Resources Limited

29 November 2013

 

29^th November 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 Jean François du Lac to the Board as a Non Executive Director with immediate effect.

Jean de Lac, aged 62, holds a Masters degree in Economics and a MBA from INSEAD, and is a graduate from the Ecole de Commerce de Toulouse in France. He has over 25 years work experience in Africa mainly in agriculture and distribution holding senior management positions, including the management of a 3,000ha fruit farm in Ghana. Jean has established and managed dealerships in West Africa for the Agricultural Tractors Division of Ford Motors and has consulted for the World Bank and the French CCCE (now AFD) on restructuring programs of the cotton industry in West Africa as well as other commodities. Whilst resident in Ghana he served as Chairman and CEO of SCOA Ghana and SCOA Farms and was responsible for developing a successful 2 million units per annum pineapple production company exporting into the Europe market. He currently advises project developers and companies in their search for funds as well as M&A operations mostly in Africa in the distribution, energy and agro-industry sectors.

The company also announces Sam Small has resigned from the Board as Non-Executive Director for personnel reasons.

Commenting on today's announcement, Francesco Scolaro, Chairman of Obtala, said: "On behalf of the Board, I would like to welcome Jean to Obtala. Jean brings a wealth of experience in the agricultural sector in Africa which will greatly benefit the Company as we continue our corporate growth plans. I would like to thank Sam Small for all the work and advice he has provided the Company and wish him well with his future interests."

Directorships and partnerships currently held or previously held in the last five years by Jean du Lac are as follows:

Current                                                                                    

CCP - Compagnie des Caoutchoucs de Pakidié

There is no further information on Jean du Lac 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

 

 

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