Oceanic Iron Ore (TSE:FEO) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Oceanic Iron Ore Corp. has announced the decision to convert $92,651 of accrued interest into 926,509 common shares, priced at $0.10 each. This strategic move, aimed at settling debts from various convertible debentures, reflects the company’s forward-looking financial management. The transaction, which took place on June 30, 2024, demonstrates Oceanic’s commitment to leveraging its assets to maintain financial health.
For further insights into TSE:FEO stock, check out TipRanks’ Stock Analysis page.