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Woodbois Limited ( (GB:WBI) ) has issued an announcement.
Woodbois Limited has announced a successful fundraising effort, raising £2.65 million through the subscription of new ordinary shares and the issuance of warrants. This capital raise is expected to enhance the company’s financial position and support its ongoing operations. The issuance of shares to directors and related parties has been structured to comply with regulatory requirements, ensuring fairness and transparency for shareholders. The new shares will be admitted to trading on AIM, with the first admission expected on 2 April 2025 and the second on 23 April 2025, subject to shareholder approval at the upcoming General Meeting.
More about Woodbois Limited
Woodbois Limited is a prominent player in the international timber industry, focusing on the production and distribution of timber products. The company is listed on the AIM market and is involved in various aspects of the timber supply chain.
YTD Price Performance: -70.0%
Average Trading Volume: 58,445,440
Technical Sentiment Signal: Buy
Current Market Cap: £3.46M
For a thorough assessment of WBI stock, go to TipRanks’ Stock Analysis page.