|Bid||0.0600 x 0|
|Ask||0.0700 x 0|
|Day's Range||0.0700 - 0.0700|
|52 Week Range||0.0400 - 0.1400|
|Beta (3Y Monthly)||0.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.15|
VANCOUVER , Nov. 29, 2018 /CNW/ - Oceanic Iron Ore Corp. (TSX-V: FEO) ("Oceanic", or the "Issuer") is pleased to announce the completion of a non-brokered financing in an aggregate amount of $1,812,500 (the "Financing"). The subscribers to the Financing will be issued Series B convertible debentures (the "Debentures") which will earn interest at a rate of 8.5% per annum over a 60 month term (the "Term"), payable quarterly. The principal amount of the Debentures will be convertible to units ("Unit") during the Term at the election of the subscriber. The conversion price during the first year of the term is $0.05 per Unit, increasing to $0.10 per Unit for the remainder of the Term. Each Unit will consist of one common share of the Issuer and one share purchase warrant of the Issuer, with each whole warrant entitling the holder to purchase one common share of the Issuer at a price of $0.05 per common share, expiring November 29, 2023 .
VANCOUVER , Nov. 1, 2018 /CNW/ - Oceanic Iron Ore Corp. (TSX-V: FEO) ("Oceanic", or the "Company") is pleased to announce the commencement of a revised and re-scoped National Instrument 43-101 Preliminary Economic Assessment in respect of the Company's Hopes Advance Project ("Study"). The objective of the Study will be to revise the profile and production schedule of Hopes Advance in order to reduce the up-front capital required to bring the project to commercial production. Furthermore, the proposed revised production profile will assume seasonal shipping, and thus also mitigate the risk and cost of winter shipping from Ungava Bay, all while aiming to achieve similar returns on investment at current iron ore prices compared to the previous Pre-Feasibility Study from 2012. The Study is planned to be led by the Montreal office of BBA Engineering Ltd. ("BBA"), a Canadian consulting engineering firm with over 700 employees, who have extensive experience with iron ore projects, particularly in the Labrador Trough. Working alongside BBA will be Wood (formerly, AMEC Foster Wheeler), who worked with the Company on Port related infrastructure in the Company's previous studies.