Straight KKM 2 Limited fait l’acquisition d’actions additionnelles de Feronia Inc.

Fasken advised Straight KKM 2 Limited (“KKM”), a consortium consisting of a number of funds managed by Kuramo Capital Management, LLC, as well as Kalaa Mpinga, a successful Congolese entrepreneur through his holding company, in connection with a private placement to KKM of 164,071,101 of common shares of Feronia Inc. (“Feronia”). 46,508,537 of the common shares issued to KKM were issued at a deemed price of CAD$0.075 per common share in settlement of certain outstanding bridge loans previously provided by KKM to Feronia and the accrued but unpaid interest thereon. The remaining 117,562,564 common shares issued to KKM were issued for cash consideration at a price of CAD$0.075 per common share. The total consideration paid by KKM under the subscription agreement was CAD$12,305,332.60. Fasken advised KKM with a team that comprised of Al Gourley (corporate/securities) and Vanessa McMinn (corporate/securities).