Oceanic Iron Ore Launches $2.38M Convertible Financing
Company Announcements

Oceanic Iron Ore Launches $2.38M Convertible Financing

Story Highlights

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

Oceanic Iron Ore Corp. has announced a new non-brokered convertible debenture financing aimed at raising up to $2,385,000. The debentures offer an 8.5% annual interest rate and are convertible into company units, which include common shares and purchase warrants. The funds will be used for strategic partner negotiations, claims maintenance, and general corporate purposes.

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

Related Articles
TipRanks Canadian Auto-Generated NewsdeskOceanic Iron Ore Completes $2.4M 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