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| Home : Feronia Inc. Announces Secured Convertible Debenture Financing of up to US$17.5 Million |
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Nov 06
2015 |
Feronia Inc. Announces Secured Convertible Debenture Financing of up to US$17.5 Million |
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TORONTO, ONTARIO--(Marketwired - Nov. 5, 2015) - Feronia Inc. ("Feronia" or the "Company") (TSX VENTURE:FRN) is pleased to announce that the Board of Directors of Feronia has resolved to issue up to US$17.5 million by private placement (the "Offering") of secured convertible debentures (the "Debentures"). The terms of the Offering approved by the Board are substantially the same as those of the convertible debenture financing completed by Feronia in June and July of 2015. CDC Group plc ("CDC"), the UK Government's Development Finance Institution, has expressed its intention to lead the Offering with a minimum US$10 million investment. |
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| Source:http://www.marketwired.com/mw/release.do?id=2070733&sourceType=3 |
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