Feronia Inc. announces closing of second tranche of secured convertible debenture offering

Marketwired | 27 November 2015
TORONTO, ONTARIO — (Marketwired) — 11/27/15 — Feronia Inc. (“Feronia” or the “Company”) is pleased to announce that it has entered into a subscription agreement with the African Agriculture Fund, through its subsidiary Golden Oil Holdings Limited (“GOHL”), for the private placement of up to US$5,000,000 of the previously announced $17,500,000 of secured convertible debentures (the “Debentures”) as described in the Company’s press release issued on November 5, 2015.
The Company is also pleased to announce that it has closed a tranche of the private placement of Debentures with GOHL in the principal amount of US$1,800,000, having previously closed the first tranche with CDC Group plc in the principal amount of US$10,000,000, as described in the Company’s press release of November 9, 2015.
The terms of the Offering are described in the press release of the Company issued on November 5, 2015.
About Feronia Inc.
                             —  For more information please see www.feronia.com

– See more at: http://farmlandgrab.org/post/view/25551-feronia-inc-announces-closing-of-second-tranche-of-secured-convertible-debenture-offering#sthash.4cvUwr35.dpuf

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