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