Mr. Xavier de Carniere reports

FERONIA INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF SECURED CONVERTIBLE DEBENTURE OFFERING

Feronia Inc. has entered into a subscription agreement with the African Agriculture Fund, through its subsidiary, Golden Oil Holdings Ltd. (GOHL), for the private placement of up to $5-million (U.S.) of the previously announced $17.5-million (U.S.) of secured convertible debentures, as described in the company's news release issued on Nov. 5, 2015.

The company has also closed a tranche of the private placement of debentures with GOHL in the principal amount of $1.8-million (U.S.), having previously closed the first tranche with CDC Group PLC in the principal amount of $10-million (U.S.), as described in the company's news release of Nov. 9, 2015.

The terms of the offering are described in the news release of the company issued on Nov. 5, 2015.

We seek Safe Harbor.