Feronia announces missed debenture interest payment

 

Feronia Inc. ("Feronia" or the "Company") announces that it did not make the scheduled semi-annual interest payment of C$321,780 due on December 31, 2019 on its outstanding 12% Convertible Unsecured Subordinated Debentures which mature on July 24, 2022.

 

With the aim of improving its financial resources, management is in on-going discussions with its lenders and major shareholders and is reviewing various short and long term financial alternatives.