Feronia Announces Closing of Second Drawdown on $49M Term Facility
TORONTO, ON--(Marketwired - February 15, 2017) - Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE: FRN) is pleased to announce that all conditions precedent have been satisfied to facilitate a second drawdown of $10 million (the "Second 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"). Subsequent to this drawdown, $25 million will have been drawn on the Facility. All amounts in this press release are expressed in US dollars unless otherwise indicated.
