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Feronia Inc Announces USD25 Million Private Placement

Friday, 8 Nov 2013 08:12am EST 

Feronia Inc announced that it has completed the first tranche of a $25 million financing led by CDC Group plc (CDC), the UK Government's Development Finance Institution (DFI). CDC has acquired 151,496,000 common shares of the Company at a purchase price of CAD0.10 per share for an aggregate purchase price of $14.5 million pursuant to the terms of a subscription agreement entered into with the Company. Proceeds from the financing will be used primarily to fund the Company's existing and future oil palm replanting programme. 

Company Quote

-0.045 -10.71%
17 Dec 2014