Source - SMW
Obtala said it would raise £4.5m through a share issue to provide expansion capital and help fund an acquisition.

New shares in the forestry company were issued at 12.5p each.

Obtala said it had also signed agreement to potentially buy Nouvelle Scierie Moderne de Sassandra for around $1.2m, less the amount of timber purchased by Obtala up until the end of March.

At 2:55pm: (LON:OBT) Obtala Limited  share price was -0.12p at 12.88p