Further to the TSX Venture Exchange bulletins dated Aug. 27, 2012, and Dec. 24, 2012, the exchange has accepted for filing documentation with respect to amendments to the currently listed 12.0 per cent unsecured subordinated debentures (symbol FRN.DB) of Feronia Inc. The amendments shall be made to the indenture dated July 24, 2012, pursuant to a second amending agreement dated July 24, 2017. In accordance with the indenture, the company has secured the consent of the holders of its 12.0 per cent unsecured subordinated debentures, representing over 66-2/3rds per cent of the principal amount outstanding of the existing 12.0 per cent unsecured subordinated debentures, to amend the terms of the indenture governing the 12.0 per cent unsecured subordinated debentures. The currently listed 12.0 per cent unsecured subordinated debentures will be amended with the following new terms:

• Amend the maturity date from July 24, 2017, to July 24, 2022;
• Amend the conversion price from $1.75 to 27.5 cents.

The amended debentures will be posted for trading at the opening of business on Tuesday, July 25, 2017, with the existing Cusip number.

There will be no change to the trading symbol.

Details of the amended debentures

Corporate jurisdiction:  British Columbia

Capitalization:  5,363 12 per cent unsecured subordinated debentures of $5,363,000 face value issued and outstanding

Transfer agent:  TSX Trust Company

Trading symbol:  FRN.DB (unchanged)

Cusip No.:  31527RAB5 (unchanged)

Maturity date:  July 24, 2022

Interest:  The debentures will bear interest at the rate of 12 per cent per annum, payable semi-annually, in cash on June 30 and Dec. 31, with the first interest payment occurring on Dec. 31, 2017.

Subordination:  The payment of principal and interest on the debentures is subordinated in right of payment to the extent set forth in the indenture governing the debentures to the prior payment in full of all existing and future senior indebtedness of the company.

Conversion:  Each debenture is convertible, at the debentureholder's option, into common shares at any time prior to the close of business on the business day immediately preceding the maturity date at 27.5 cents per common share.

Clearing and settlement:  The 12 per cent unsecured subordinated debentures that trade on an NCI basis will clear and settle through CDS.

Board lot:  The 12 per cent unsecured subordinated debentures will trade in a board lot size of $1,000 face value.