Oceanic Iron Ore Converts Interest into Shares

Oceanic Iron Ore (TSE:FEO) has released an update.

Oceanic Iron Ore Corp. has declared its decision to convert $92,651 of accrued interest into 1,425,400 common shares, priced at $0.065 each, as part of its debt settlement strategy. This move, effective March 31, 2024, reflects the company’s financial maneuvering within the Canadian securities market. Such strategic decisions are vital for investors tracking the company’s efforts to manage its convertible debt instruments.

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