Woodbois confirms potential equity fundraising
Woodbois Limited
0.17p
16:55 07/01/25
1.59%
0.00p
Woodbois confirmed on Friday that it is considering an equity raising.
FTSE AIM All-Share
720.11
16:54 07/01/25
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Mining
10,583.04
17:14 07/01/25
0.98%
102.93
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.