Cambium Global Timberland Limited (AIM:TREE) managed by CP Cogent Asset Management, LP exchanged a contract to sell property at Clinch County for $8.6 million on April 24, 2014. A deposit has been received and the balance is due on completion which is expected to take place before the end of May, 2014. The net proceeds will be applied partly in reducing outstanding indebtedness (relating to this property and the Company's property at Stewart County, Georgia) and the balance will be retained for working capital purposes pending further disposals.

Paul Fincham and Jonathan Becher of Panmure Gordon & Co. plc acted as financial advisors to CP Cogent Asset Management, LP.