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Oceanic Iron Ore ( (TSE:FEO) ) has issued an announcement.
Oceanic Iron Ore Corp. has elected to settle $84,515 in accrued interest on its various series of convertible debentures by issuing 130,023 common shares at $0.65 per share, the company’s closing share price on December 31, 2025. The move converts interest obligations into equity, which modestly dilutes existing shareholders but improves Oceanic’s short-term cash position and provides additional balance sheet flexibility as it advances its iron ore-focused projects.
More about Oceanic Iron Ore
Oceanic Iron Ore Corp. is a Vancouver-based company listed on the TSX Venture Exchange that is focused on iron ore assets and related resource development opportunities.
Average Trading Volume: 172,813
Technical Sentiment Signal: Buy
Current Market Cap: C$99.42M
For an in-depth examination of FEO stock, go to TipRanks’ Overview page.