AIM - Schedule 1 - Obtala Resources

RNS Number:0549S
AIM
10 April 2008

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR
COMPANIES ("AIM RULES")

COMPANY NAME:
Obtala Resources Plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered Office
17 Hanover Square
London
W1S 1HU

Trading Address

Martin House
26-30 Old Church Street
London
SW3 5BY

COUNTRY OF INCORPORATION:
UK
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.obtalaresources.co.uk
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:

The Company is the holding company of a mineral exploration and development group, with an initial focus in gold,
nickel, copper, iron ore and uranium opportunities in Tanzania, East Africa. The Group is led by the Directors, who
have experience of operating resource companies in emerging markets. The Group's objective is to commence the
exploration of its portfolio of Mineral Assets and ultimately to increase the value of its Mineral Assets through the
development of mineral resource estimates and, where appropriate, commence production of the economically feasible
Mineral Assets.

The Group's strategy will focus on working with local partners who will be actively engaged in the process of
exploration. The Directors intend to utilise both internal and external expertise to develop the Mineral Assets while
maintaining a disciplined asset and cost base.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known,
number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held
as treasury shares):
177,500,000 ordinary shares of 1p each
CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised- £3,500,000

Market Capitalisation -£35,500,000
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
73.21%
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE
OR WILL BE ADMITTED OR TRADED:
n/a
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or
including any other name by which each is known):
Francesco ''Frank'' Scolaro - Executive Chairman

Michael Bretherton- Finance Director

James ''Jim'' Bain- Non-Executive Director

James Ede-Golightly-Non Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND
AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Significant Shareholder Before Admission After Admission
Grandinex * 43.8% 39.4%
ORA 37.1% 33.4%
Mionex 9.6% 8.6%

* Francesco Scolaro is the controlling shareholder of Grandinex, which will hold 70,000,000 ordinary shares at
Admission

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
n/a
(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
(i) 31 December

(ii) 29 February 2008

(iii) 30 September 2008, 30 June 2009 and 30 September 2009

EXPECTED ADMISSION DATE:
24 April 2008

NAME AND ADDRESS OF NOMINATED ADVISER:
Zimmerman Adams International Limited
12 Camomile Street
London
EC3A 7PT

NAME AND ADDRESS OF BROKER:
Zimmerman Adams International Limited
12 Camomile Street
London
EC3A 7PT

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL
BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS
SECURITIES:

Zimmerman Adams International Limited
12 Camomile Street
London
EC3A 7PT

DATE OF NOTIFICATION:
10 April 2008

NEW/ UPDATE:
NEW

This information is provided by RNS
The company news service from the London Stock Exchange
END

PAAFKKKNCBKKPQD