StockMarketWire.com - Africa-focused forestry and timber trading company Woodbois said it had completed a number of agreements as part of a company restructuring.

Envision Consulting had signed a deed of amendment with the company relating to the disposal of its Tanzania agricultural business.

It had also received a further investment from Lombard Odier Asset Management of £960k to complete the acquisition of Montara Continental.

In addition, Woodbois said it had received a commitment from Africa Resource Investment to invest $5m into the group's ITF note.

'I'm delighted to announce the conclusion of these agreements, marking yet another significant milestone in the comprehensive re-structuring of the group organisation,' chief executive Paul Dolan said.

'With a streamlined structure, a much-strengthened balance sheet and the ability to focus squarely on core activities in which we not only intend to compete profitably, but to excel, I am confident that the group will deliver growth in 2019 and consistently into the next decade.'

At 9:40am: [LON:WBI] share price was -0.1p at 6.75p



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