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Oceanic Iron Ore ( (TSE:FEO) ) has shared an announcement.
Oceanic Iron Ore Corp. announced the settlement of $139,802 in accrued interest from its convertible debentures by issuing 776,676 common shares at a price of $0.18 per share. This strategic move allows the company to manage its debt obligations through equity, potentially strengthening its financial position and offering value to shareholders.
More about Oceanic Iron Ore
Oceanic Iron Ore Corp. operates in the iron ore industry, focusing on the exploration and development of iron ore properties. The company is engaged in producing iron ore, a key raw material for steel production, and is listed on the TSX Venture Exchange under the symbol FEO.
YTD Price Performance: 25.33%
Average Trading Volume: 70,677
Technical Sentiment Signal: Sell
Current Market Cap: C$20.69M
See more insights into FEO stock on TipRanks’ Stock Analysis page.