Oceanic Iron Ore announces that it has engaged CapitalAsia Investment Holdings Group as a strategic advisor in respect of select strategic partnering initiatives focused in China. The Company also announces a non-brokered financing of $3 million subscribed for by Sino-Canada Natural Resources Fund. Sino-Canada Fund will be issued convertible debentures (the "Debentures") which will earn interest at a rate of 6% over the [...]
Oceanic Iron Ore announces that it has undertaken a preliminary evaluation of the announced changes to the Quebec mining tax regime and has concluded that the proposed changes do not materially affect the economics of its Hopes Advance project, based on the assumptions made in the Company's Pre-feasibility Study released last fall. The Company's assessment, based on the proposed regime, after applying the additional tax [...]
Oceanic Iron Ore is pleased to announce that it has received the Product Value In Use Marketing Study requested from Vulcantech Technologies. The Study concludes that in addition to the iron unit premium for the high grade Hopes Advance product at 66.6% Fe measured against the 62% Fe benchmark, an estimated minimum 10% value-in-use premium can be anticipated due to the product's high quality and low impurities. To [...]
Oceanic Iron Ore announces that it has staked additional claims in the immediate vicinity of its Hopes Advance and Roberts Lake concessions. During February of 2013 the Company staked an additional 86 claims covering approximately 3,656 hectares in the Roberts Lake project area, and during March, another 21 claims covering approximately 927 hectares (9.3 square kms) in the immediate vicinity of the Hopes Advance [...]
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