Woodbois confirms potential equity fundraising
By Michele Maatouk
Date: Friday 10 Mar 2023
(Sharecast News) - Woodbois confirmed on Friday that it is considering an equity raising.
Responding to market speculation, the company said it has received a proposal from an intermediary regarding a proposed equity fundraising of around £3m.
"The board has evaluated this proposal and intends to make a final decision on receipt of legally binding documentation," it said, adding that there can be no certainty a fundraising will occur.
"The company will provide a further update in due course," it said.
Woodbois is an AIM-listed African-focused forestry company.
At 1405 GMT, the shares were down 5.9% at 1.29p.
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