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Oceanic Wind Announces Issuance of Shares for Service

Press Release

Vancouver, B.C. – Oceanic Wind Energy Inc. (TSX-V: NKW) Oceanic today announced the quarterly issuance of shares to the Company’s Directors.

In connection with the board resolution to reduce the compensation of directors, as announced in a news release of January 14, 2016, the Company has issued a total of 74,354 common shares to its directors for the quarter ended September 30, 2020. All shares were issued at the closing share price for Wednesday, September 30, 2020 of $0.145.

Oceanic Wind is a British Columbia-based renewable energy company who has been developing an offshore wind project located off B.C.’s northwest coast, where the wind resource is one of the strongest and most consistent in the world.

For further information please contact:
Michael O’Connor, President & CEO
Tel: 604-631-4483 Fax: 604-685-4215
Email: [email protected]

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