Funds Managed by Libra Advisors, LLC Acquire Units of Feronia Inc. for
Investment Purposes

TORONTO, Sept. 16 /CNW/ - Libra Advisors, LLC ("Libra") announced today that in connection with a reverse takeover transaction (the "Transaction") between Feronia Inc. (formerly G.T.M. Capital Corporation) ("Feronia") and Feronia CI Inc. ("Feronia CI"), common shares and warrants of Feronia were issued to former holders of subscription receipts of Feronia CI.  In that connection, Libra has received, on behalf of Libra Fund, L.P. and Libra Offshore Master Fund, L.P. (the "Funds"), 5,000,000 common shares and 2,500,000 warrants of Feronia that, if exercised, would together represent approximately 7.4% of the total outstanding common shares of Feronia, for no additional consideration, in exchange for previously issued subscription receipts of Feronia CI.

As a result of the Transaction and together with common shares the Funds already owned, the Funds now own 11,000,000 common shares and 2,500,000 warrants that, if exercised, would together represent approximately 13.3% of the total outstanding common shares of Feronia.

Libra acquired these common shares and warrants on behalf of the Funds for investment purposes and may, from time to time, acquire additional securities of Feronia or dispose of such securities as it may deem appropriate.

Libra is the investment advisor to Libra Fund, L.P. and Libra Offshore Master Fund, L.P. with principal offices at 909 Third Avenue, 29^th Floor, New York, New York 10022.

For further information:

Mr. Ranjan Tandon, Managing Member at [phone]