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Woodbois Raises £650,000 and Secures Repayment Agreement with BGFI Bank

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Woodbois ( (GB:WBI) ) just unveiled an update.

Woodbois Limited has successfully raised £650,000 through the issuance of 1,300,000,000 new ordinary shares, with the funds received from Kaiser Investments LLC and Alcazar Investment LLC. These shares will be admitted for trading on AIM, with trading expected to commence on 22 May 2025. Additionally, Woodbois has reached a repayment agreement with BGFI Bank for an outstanding amount of approximately EUR 641,000, to be repaid from July 2025 to December 2026 without additional interest fees.

More about Woodbois

Woodbois Limited is an Africa-focused company engaged in forestry, timber trading, and afforestation. The company operates within the timber industry, providing products and services related to sustainable forestry and wood trading.

Average Trading Volume: 77,035,661

Technical Sentiment Signal: Sell

Current Market Cap: £5.08M

See more insights into WBI stock on TipRanks’ Stock Analysis page.

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