Obtala Resources Ltd Share News (OBT)

(Sharecast News) - Obtala chairman Miles Pelham purchased 1.6m ordinary shares in the AIM-listed timber trading firm on Tuesday.Hong Kong-based Pelham, who Obtala appointed to the role of chairman in April 2016, acquired the shares at an average cost of 6.50p each for a total value of £104,000.Back in January, 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.The Africa-focused agricultural and forestry company said it intended that the proceeds of the subscription would be used to fund a proposed acquisition and the expansion of its existing forestry business.As of 1630 BST, Obtala shares had risen 2.05% to 7.45p.Top Director BuysObtala Limited (OBT)Director name: Pelham,Miles CAmount purchased: 1,600,000 @ 6.50pValue: £104,000.00H&t Group (HAT)Director name: Nichols,JohnAmount purchased: 25,000 @ 310.00pValue: £77,500.00Record (REC)Director name: Edwards,Tim Amount purchased: 60,000 @ 42.41pValue: £25,446.00Flying Brands Ltd (FBDU)Director name: Smith,David W.JAmount purchased: 1,000,000 @ 2.48pValue: £24,800.00Surgical Innovations Group (SUN)Director name: Hardy,PaulAmount purchased: 416,830 @ 3.25pValue: £13,546.97Surgical Innovations Group (SUN)Director name: Rogers,NigelAmount purchased: 416,830 @ 3.25pValue: £13,546.97Non-standard Finance (NSF)Director name: McGregor ,Heather Amount purchased: 17,235 @ 60.80pValue: £10,478.88Tiziana Life Sciences (TILS)Director name: Cerrone,GabrieleAmount purchased: 4,000 @ 102.00pValue: £4,080.00Tiziana Life Sciences (TILS)Director name: Cerrone,GabrieleAmount purchased: 2,000 @ 105.00pValue: £2,100.00Cadence Minerals (KDNC)Director name: Strang ,DonaldAmount purchased: 600,000 @ 0.17pValue: £1,020.00Cadence Minerals (KDNC)Director name: Morzaria,KiranAmount purchased: 564,153 @ 0.18pValue: £1,015.48Cadence Minerals (KDNC)Director name: Suckling,AndrewAmount purchased: 500,000 @ 0.20pValue: £1,000.00Cadence Minerals (KDNC)Director name: Fairbourn ,Adrian Amount purchased: 588,235 @ 0.17pValue: £1,000.00Foreign And Colonial Inv Trust (FRCL)Director name: Bone,RogerAmount purchased: 138 @ 721.00pValue: £994.98Foreign And Colonial Inv Trust (FRCL)Director name: Hewitt,JeffreyAmount purchased: 69 @ 721.00pValue: £497.49Prudential (PRU)Director name: FitzPatrick,Mark Amount purchased: 12 @ 1,695.00pValue: £203.40Prudential (PRU)Director name: Foley,John W.Amount purchased: 11 @ 1,695.00pValue: £186.45Prudential (PRU)Director name: Wells,Mike Amount purchased: 11 @ 1,695.00pValue: £186.45Prudential (PRU)Director name: Turner,JamesAmount purchased: 11 @ 1,695.00pValue: £186.45Foreign And Colonial Inv Trust (FRCL)Director name: Knapp,EdwardAmount purchased: 13 @ 721.00pValue: £93.73General Electric Co (GEC)Director name: David Leon,Joyce Amount purchased: 5,600 @ n/aValue: n/aTop Director SellsAuto Trader Group (AUTO)Director name: Mather,Trevor Amount sold: 48,753 @ 433.00pValue: £211,100.49Auto Trader Group (AUTO)Director name: Coe,NathanAmount sold: 24,147 @ 433.00pValue: £104,556.51General Electric Co (GEC)Director name: David Leon,Joyce Amount sold: 2,467 @ $12.65Value: $26,850.52