Mr.
Xavier de Carniere reports
FERONIA INC. PROVIDES UPDATE REGARDING PREVIOUSLY ANNOUNCED US$17.5 MILLION PRIVATE PLACEMENT OF COMMON SHARES
Feronia Inc. anticipates closing the final $8.5-million (U.S.) tranche of its previously announced private placement of common shares in the capital of the company by Straight KKM 2 Ltd. on or about Nov. 30, 2017.
Further details regarding the private placement are described in the press releases of the company issued on Sept. 25, 2017, and Oct. 16, 2017.
About Feronia Inc.
Feronia is an agribusiness operating in the Democratic Republic of the Congo (DRC).
At the heart of Feronia lies a long established palm oil business, Plantations et Huileries du Congo (PHC), which has three remotely located plantations: Lokutu, Yaligimba and Boteka.
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