Straight KKM 2 Limited, a 10% Holder, acquired 164,071,101 Common Shares on a direct ownership basis at a price of $0.075 through a private transaction on May 31st, 2019. This represents a $12,305,333 investment into the company's shares and an account share holdings change of 89.6%.
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, Yaligimba and Boteka. The Company's plantations produce crude palm oil (CPO) and palm kernel oil (PKO). The Company's arable farming operation grows and processes rice. Feronia Inc. (FRN) has below median officer and director direct ownership compared to its micro-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 $12,305,333.
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