Obtala (OBT.L) gets new look after shifting focus: ProactiveInvestors Stocktube

ProactiveInvestors Stocktube

Published on Aug 10, 2016

Former miner Obtala Resources Plc (LON:OBT) is changing its name to reflect its move into a new market.
Africa-focused Obtala is dropping 'Resources' from its title after moving into the forestry and farming business.

It initially focused on mineral mining in Tanzania, but has been re-positioning itself as an emerging Africa agri- and timber trader and investor.

Chairman Miles Pelham said the move should help the business to attract investors in its chosen markets.
"We felt the word 'resources' in our title led new investors to misunderstand the company's strategy," he said.

http://www.4-traders.com/OBTALA-RESOURCES-PLC-6627283/