Woodbois Regulatory News (WBI)

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Project Update

20 Dec 2010 07:00

RNS Number : 2401Y

Obtala Resources Limited

20 December 2010

Obtala Resources Limited

("Obtala" or "the Company") (AIM:OBT)

Projects Update, Tanzania

The Board of Obtala Resources Limited, the resources investment, development and production company, today announces that further to the press release dated 7th December 2010, the Company has not been able to reach a satisfactory conclusion in negotiations with Stamico relating to the Buckreef gold project. The Company believes it is in the best interest of its shareholders to focus on other opportunities that have recently presented themselves to Obtala. The Company is currently evaluating specific precious metals projects in Tanzania and will inform the market of any further developments.

Contact:

Obtala Resources Limited
Simon Rollason - Managing Director Frank Scolaro - Chairman www.obtalaresources.com	+44 (0) 20 7099 1940

ZAI Corporate Finance Ltd
Ray Zimmerman/ Sarang Shah	+44 (0) 20 7060 1760

Threadneedle Communications
Laurence Read	+44 (0) 20 7653 9855

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFVLFALALII

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5th Jul 2013	7:00 am	RNS	Directorate Change
26th Jun 2013	7:00 am	RNS	Annual Financial Report
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21st May 2013	7:00 am	RNS	Agricultural Update & Funding
13th May 2013	3:41 pm	RNS	Disposal of Shareholding Update
2nd May 2013	11:33 am	RNS	Result of General Meeting
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8th Apr 2013	11:27 am	RNS	Notice of General Meeting
8th Apr 2013	8:00 am	RNS	Operational Update
8th Apr 2013	7:00 am	RNS	Issue of Equity
3rd Apr 2013	11:46 am	RNS	Result of EGM
3rd Apr 2013	10:10 am	RNS	Holding(s) in Company
3rd Apr 2013	7:00 am	RNS	Disposal of Shareholding
27th Mar 2013	4:58 pm	RNS	Holding(s) in Company

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