TORONTO, Jan. 19 /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 11, 2011, the Manager ceased to be the
manager of Lawrence Venture Fund Inc., which owns 4,839,090 common
shares of FRN. This holding represents approximately 4.9% 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 40.1% on a fully-diluted
basis to approximately 36.1% 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.