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Straight KKM 2 buying at Feronia (V:FRN)

Updated Thursday Oct 19, 2017 01:29 AM EDT

Straight KKM 2 Limited, a 10% Holder, acquired 62,650,000 Common Shares on a direct ownership basis at a price of $0.180 through a private transaction on October 16th, 2017. This represents a $11,277,000 investment into the company's shares and an account share holdings change of greater than 100%.

Feronia is in the Fishing & Farming Sub Industry Group under the Consumer Non-Cyclicals Sector.

Feronia Inc. is a Canada-based company, which is engaged in agribusiness. The Company operates in the business of agriculture, producing rice, palm oil and palm kernel oil in the Democratic Republic of Congo (the DRC). The Company operates through two segments: Oil Palm Plantations (Palm Oil) and Arable. The Palm Oil segment includes oil palm plantations. The Arable segment includes arable farming operations. Its palm oil plantations are located in the provinces of Equateur and Orientale. The Company's plantations include Lokutu, which covers over 63,560 hectares; Yaligimba, which covers approximately 30,200 hectares, and Boteka, which covers over 13,540 hectares. The Company's plantations produce crude palm oil (CPO) and palm kernel oil (PKO). The Company's arable farming operation grows and processes rice. The Company's subsidiaries include Feronia Maia sprl. and Plantations Et Huileries du Congo S.A. Feronia Inc. (FRN) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $11,277,000.

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Go to Feronia Inc. (FRN)'s company page

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