| Home : Feronia Announces Closing of First Drawdown on $49M Term Facility |
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Apr 13
2016 |
Feronia Announces Closing of First Drawdown on $49M Term Facility |
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TORONTO, ONTARIO--(Marketwired - April 13, 2016) - Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) is pleased to announce that all conditions precedent have been satisfied to facilitate a first drawdown of $15 million (the "First Drawdown") from the previously announced $49 million secured term facility (the "Facility") provided in December 2015 by a syndicate of European lenders consisting of four Development Finance Institutions ("DFIs"). All amounts in this press release are expressed in US dollars unless otherwise indicated. |
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| Source:http://www.marketwired.com/mw/release.do?id=2114413&sourceType=3 |
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