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Oceanic Iron Ore ( (TSE:FEO) ) has issued an announcement.
Oceanic Iron Ore Corp. has announced the settlement of $128,145 in accrued interest from its convertible debentures by issuing 142,383 common shares at a price of $0.90 per share. This strategic move allows the company to manage its financial obligations while potentially enhancing shareholder value through equity distribution.
More about Oceanic Iron Ore
Oceanic Iron Ore Corp. operates in the mining industry, focusing on the exploration and development of iron ore properties. The company is primarily engaged in advancing its projects to capitalize on the demand for iron ore in global markets.
Average Trading Volume: 263,189
Technical Sentiment Signal: Buy
Current Market Cap: C$134.3M
Find detailed analytics on FEO stock on TipRanks’ Stock Analysis page.