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Oceanic Announces Settlement Of Debenture Interest For Common Shares
Press Release
Vancouver, BC – Oceanic Iron Ore Corp. – January 3, 2023 (TSX-V: FEO) (“Oceanic”, or the “Company”) is pleased to announce that it has elected to settle an aggregate of $94,107 in accrued interest due under the Company’s previously issued Replacement Series A Convertible Debentures, Series B Convertible Debentures, Series C Convertible Debentures and Series D Convertible Debentures on December 31, 2022 (the “Settlement Date”) by issuing 1,344,374 common shares in the capital of the Company (each, a “Common Share”) at a price equal to $0.07 per Common Share.
Unless permitted under securities legislation, the Common Shares must not trade prior to January 27, 2023.
