Obtala Resources appoints Jean François du Lac to Board as Non Executive Director

– GUERNSEY / UK – Obtala Resources Limited (AIM:OBT), the natural resource investment and development company, is pleased to announce the appointment of Jean François du Lac to the Board as a Non Executive Director with immediate effect.

Jean de Lac, aged 62, holds a Masters degree in Economics and a MBA from INSEAD, and is a graduate from the Ecole de Commerce de Toulouse in France. He has over 25 years work experience in Africa mainly in agriculture and distribution holding senior management positions, including the management of a 3,000ha fruit farm in Ghana. Jean has established and managed dealerships in West Africa for the Agricultural Tractors Division of Ford Motors and has consulted for the World Bank and the French CCCE (now AFD) on restructuring programs of the cotton industry in West Africa as well as other commodities. Whilst resident in Ghana he served as Chairman and CEO of SCOA Ghana and SCOA Farms and was responsible for developing a successful 2 million units per annum pineapple production company exporting into the Europe market. He currently advises project developers and companies in their search for funds as well as M&A operations mostly in Africa in the distribution, energy and agro-industry sectors.

The company also announces Sam Small has resigned from the Board as Non-Executive Director for personnel reasons.

Commenting on today’s announcement, Francesco Scolaro, Chairman of Obtala, said: “On behalf of the Board, I would like to welcome Jean to Obtala. Jean brings a wealth of experience in the agricultural sector in Africa which will greatly benefit the Company as we continue our corporate growth plans. I would like to thank Sam Small for all the work and advice he has provided the Company and wish him well with his future interests.”

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