Feronia Inc. Issues Common Shares Under Share Purchase Plan
17 Giugno 2014 - 10:30PM
Marketwired
Feronia Inc. Issues Common Shares Under Share Purchase Plan
TORONTO, ONTARIO--(Marketwired - Jun 17, 2014) - Feronia Inc.
("Feronia" or the "Company") (TSX-VENTURE:FRN) today announced that
certain officers and employees of the Company have acquired an
aggregate of 116,460 common shares in the capital of the Company
(the "Qualifying Shares"), at a price of $0.05 per share, under the
Company's Share Purchase Plan (the "Plan"). Under the terms of the
Plan, each participant is entitled to receive the matching number
of common shares acquired pursuant to the Plan at no cost to such
participant (the "Deferred Matching Shares"). Subject to certain
conditions, such Deferred Matching Shares will be issued to the
participants over a three year period following the date of the
purchase of the Qualifying Shares. As a result, the participants
may be issued up to an aggregate of 116,460 Deferred Matching
Shares in three equal tranches over a three year period. As
required under the Plan, the Company has also issued an aggregate
of 39,216 Deferred Matching Shares to certain officers, directors
and employees who acquired Qualifying Shares in June 2012.
Following the above noted issuance of common shares, the Company
has an aggregate of 552,206,188 common shares issued and
outstanding.
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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