TORONTO, Jan. 28 /CNW/ - Aston Hill Asset Management Inc. (formerly
Navina Asset Management Inc.) (the "Manager") announced that its
control or direction over common shares and warrants of Feronia Inc.
("FRN" TSX-V:FRN) owned by funds and accounts it manages has decreased.
As of January 25, 2011, TriNorth Capital Inc., which owns 17,000,000
common shares of FRN, ceased to be a managed account of the Manager.
This holding represents approximately 15.9% of the total issued and
outstanding common shares of FRN on a fully-diluted basis. As a result,
the Manager's control or direction over FRN common shares and warrants
has decreased from approximately 36.1% on a fully-diluted basis to
approximately 20.1% on a fully-diluted basis, which securities are
owned by other funds or accounts managed by the Manager.
The Manager acquired common shares and warrants of FRN on behalf of its
funds or accounts for investment purposes.
SOURCE Aston Hill Asset Management Inc.
For further information:
Michael J. Killeen
Aston Hill Asset Management Inc.