Aug 07, 2008. /Lesprom.com/. Phaunos Timber Fund Ltd., the closed-ended investment company, said it has increased its investment in its greenfield land in Uruguay by $5 million to $30 million, Thomson Financial News reported. This additional investment will take the company's initial investment in Uruguay to $63.8 million, and will be made through Pradera Roja, a wholly controlled affiliate of the company, to develop eucalyptus plantation in southeastern Uruguay for both the fiber and sawn wood markets.