Feronia Inc. announced that it has entered into a loan facility for $11 million. The unsecured subordinated short term facility bears interest at a rate of 4% per annum and has been provided by CDC Group plc, the UK Government’s development finance institution. The facility matures on March 31, 2020, subject to acceleration in certain circumstances. Funds advanced under the facility will be used for working capital, including environmental, social and governance improvements and other general corporate purposes, whilst the Company seeks to strengthen its financial position. This new facility is in addition to the $5 million facility previously announced by the Company on October 28, 2019, which has been amended to mature on March 31, 2020, subject to acceleration in certain circumstances.