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Financings

Oceanic Iron Ore issues 142,383 shares for debt

By The Northwire Desk — AI Analysis Sep 30, 2025 · 20:59 FEO · 0.90 Oceanic Iron Ore Corp.
FEO · Price

Executive Summary

  • Oceanic Iron Ore Corp. settled $128,145 of accrued interest on multiple series of convertible debentures by issuing 142,383 common shares.
  • The settlement price was set at $0.90 per share, matching the closing market price on September 30, 2025.
  • No cash outlay was required; the transaction converts debt‑interest obligations into equity.

Key Details

  • Aggregate interest settled: $128,145 (accrued interest across Series A, B, C, D, and E convertible debentures).
  • Shares issued for settlement: 142,383 common shares.
  • Settlement price per share: $0.90, equal to the closing market price on September 30, 2025.
  • Effect on capital structure: Converts interest liability into equity; reduces outstanding debenture interest obligations.
  • Series involved: Replacement Series A & B convertible debentures, Series C, D, and E convertible debentures.

Notable Quotes

(No quotes provided in the release.)

Read the original news release →

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