Feronia Inc. Announces Effective Date of Share Consolidation
21 June 2014 - 6:45AM
Marketwired
Feronia Inc. Announces Effective Date of Share Consolidation
TORONTO, ONTARIO--(Marketwired - Jun 20, 2014) - Feronia Inc.
("Feronia" or the "Company") (TSX-VENTURE:FRN) announces that it
has received approval of the TSX Venture Exchange (the "TSX-V") for
a consolidation of the issued and outstanding common shares of the
Company (the "Common Shares") on the basis of one (1)
post-consolidation Common Share for ten (10) pre-consolidation
Common Shares (the "Consolidation").
The Common Shares of the Company will commence trading on the
TSX-V on a consolidated basis at the opening of markets on June 23,
2014, under the current trading symbol of FRN and new CUSIP number
31527R885. The Company will not change its name in connection with
the Consolidation.
Following the Consolidation, the Company will have approximately
55,205,051 Common Shares issued and outstanding. Any resulting
post-consolidation fractional Common Shares will be rounded up or
down to the nearest whole Common Share and no cash consideration
will be paid in lieu of fractional post-consolidation Common
Shares. The Company's currently outstanding options, listed
warrants to purchase Common Shares and listed convertible
debentures will be adjusted on the same basis with proportionate
adjustments being made to exercise prices.
Shareholders of the Company approved the Consolidation at the
Annual and Special Meeting held on Tuesday, June 10, 2014.
About Feronia Inc.
- Feronia Inc. is a large-scale commercial farmland and
plantation operator in the Democratic Republic of the Congo
("DRC").
- The Company uses modern agricultural practices to operate and
develop its oil palm plantations and arable farming business
division.
- Feronia believes in the immense agricultural potential of the
DRC for high-quality foodstuffs and edible oils given its ideal
climate, excellent soil and highly skilled and experienced
workforce.
- Feronia's management team is comprised of senior
agriculturalists with extensive experience in managing both
plantations and large-scale mechanized farming operations in
emerging markets.
- Feronia is committed to sustainable agriculture, environmental
protection and providing support for local communities.
- For more information please see www.feronia.com.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Feronia Inc.Ravi SoodChairman(647)
987-7663Ravi.Sood@feronia.comFeronia Inc.Paul DulieuInvestor
Relations Manager44 (0)7554
521421Paul.Dulieu@feronia.comwww.feronia.com
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