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| Home : Feronia Inc. Enters Into Loan Facility With CDC to Advance 'Environmental and Social Action Plan' |
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Nov 08
2013 |
Feronia Inc. Enters Into Loan Facility With CDC to Advance 'Environmental and Social Action Plan' |
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TORONTO, ONTARIO--(Marketwired - Nov. 8, 2013) - Feronia Inc. ("Feronia" or the "Company") is pleased to announce that it has entered into a convertible loan agreement (the "Loan Agreement") with CDC Group plc ("CDC"), the UK Government's Development Finance Institution ("DFI"), pursuant to which CDC will make available an unsecured non-revolving term loan (the "ESG Facility") in the maximum amount of $3.6 million at an interest rate of 12% for a term of five years. All amounts in this release are expressed in US dollars unless otherwise indicated. |
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| Source:http://www.marketwired.com/mw/release.do?id=1850102&sourceType=3 |
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