Issue of Equity

RNS Number : 7451B

Obtala Resources Limited

08 April 2013

 



8 April 2013

Obtala Resources Limited

("Obtala" or the "Company")

(AIM: OBT)

Funding

Obtala Resources Limited (AIM:OBT), the natural resource investment and development company, announces today that it has issued 4,377,104 new Ordinary Shares of 1p each being the second instalment issued pursuant to the subscription agreement announced on the 20^th February 2013.

Issue of equity

An application has been made for the issue of 4,377,104 new Ordinary Shares, at a price of 6.75p per Ordinary Share, raising gross proceeds of £295,541. Trading in the 4,377,104 new Ordinary Shares on AIM is expected to commence on or around 9 April 2013.

Following the issue of the Ordinary Shares, the total number of shares in issue and the total number of ordinary shares in the Company with voting rights will be 258,883,560. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Issue of warrants

Following the completion of the second instalment of the placing the Company has issued 4,377,104 warrants exercisable immediately with a strike price of 8.44p and valid for four years.

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

 

END

 

 

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