Oceanic Iron Ore Completes $2.4M Convertible Financing
Company Announcements

Oceanic Iron Ore Completes $2.4M Convertible Financing

Story Highlights

Oceanic Iron Ore (TSE:FEO) has released an update.

Oceanic Iron Ore Corp. has successfully completed a non-brokered convertible debenture financing, raising $2,385,000 to fund its corporate activities and ongoing negotiations with potential strategic partners. The financing terms include an 8.5% annual interest over five years, with the option for the company to repay in cash or shares. Subscribers have the option to convert the debentures into units consisting of common shares and warrants under specific terms over the duration of the financing.

For further insights into TSE:FEO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskOceanic Iron Ore Launches $2.38M Convertible Financing
TipRanks Canadian Auto-Generated NewsdeskOceanic Iron Ore Welcomes New CEO Chris Batalha
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App