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OAKBAY RESOURCES AND ENERGY LIMITED - Recent media reports regarding closure of banking facilities

Release Date: 03/03/2017 16:15
Code(s): ORL     PDF:  
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Recent media reports regarding closure of banking facilities

Oakbay Resources and Energy Limited
(Incorporated in the Republic of South Africa)
Registration number: 2009/021537/06
Share code: ORL
ISIN: ZAE000196085
(“Company” or “Oakbay Resources”)


RECENT MEDIA REPORTS REGARDING CLOSURE OF BANKING FACILITIES


The Company has noted recent media reports regarding the possible closure of its banking
facilities held with the Bank of Baroda. Oakbay Resources is not aware of any communications
from the Bank of Baroda in this regard and shareholders will be advised accordingly should
there be any change in this position.

We continue to operate in the normal course of business with the objective of producing
positive returns for our shareholders.


Johannesburg

3 March 2017

Sponsors and Corporate Advisors:

River Group

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