Feronia Announces Closing of Fourth and Final Drawdown on $49M Term Facility

November 5, 2017

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TORONTO, ONTARIO–(Marketwired – Nov. 3, 2017) – Feronia Inc. (“Feronia” or the “Company”) (TSX VENTURE:FRN) is pleased to announce that all conditions precedent have been satisfied to facilitate a fourth, and final, drawdown of $14 million (the “Fourth Drawdown”) from the previously announced $49 million secured term facility (the “Facility”) provided in December 2015 by a syndicate of European lenders consisting of four Development Finance Institutions (“DFIs”). Including this Fourth Drawdown, the full $49 million of the Facility will have been drawn. All amounts in this press release are expressed in US dollars unless otherwise indicated.

Category: General