Resources group Obtala announced details of an acquisition, new expansion capital and a fundraising on Tuesday, reporting that the subscription would raise £4.5m before expenses at a price of 12.5p per new ordinary share.
Sustainable agriculture and forestry firm Obtala posted its third quarter business update on Friday, confirming it was in discussion with "several parties" to provide tranches of $25m in trade finance to support growth in its timber trading division profits, with one letter of intent signed to date.
Africa-focussed agriculture and forestry company Obtala announced on Wednesday that it signed a letter of intent expressing the company's commitment to build sustainable and inclusive business in Tanzania through investment activities associated with the 'Grow Africa' partnerships in Sub-Saharan Africa.
Obtala, the Africa-focused agricultural and forestry company, has completed the disposal of its 72.69%-owned chain of Lifes' Comfort Solutions (LCS) retail outlets in Lesotho.
Africa-focused agricultural and forestry company Obtala announced on Wednesday that, following the successful review of its year two Impact Report, it has been approved by the Admissions Panel as an ongoing member of the Social Stock Exchange.
Africa-focused agricultural and forestry company Obtala announced on Wednesday that its forestry subsidiary, Argento Mozambique has been awarded CPI status by the Mozambican authorities entitling it to various tax benefits and protections in return for inward investment from the company's subsidiary Argento Continental Corporation.
AIM listed agricultural and forestry company Obtala sold its stake in Lifes Comfort Solutions retail outlets in Lesotho for just $100 to Rystabelz PTY, the latest divestiture of non-essential business ventures for the company.
Africa-focused agricultural and forestry business Obtala Resources announced a number of board changes on Monday, including a new chairman.
Obtala Resources has begun the process of spinning off its forestry division as it looks to list it as a separate company on AIM during the first quarter of next year.
Obtala Resources has completed the acquisition of two new timber concessions totalling 35,000 hectares in Mozambique and announced plans to make a $0.3m cash injection for additional capital equipment to increase operational productivity.
Africa-focused Obtala Resources has announced a deal to establish a dried fruits business as it moves from a focus on gems to agribusiness and timber.