Oceanic Iron Ore is pleased to announce that it has filed a National Instrument 43-101 Technical Report entitled "Preliminary Economic Assessment of the Re-scoped Hopes Advance Property, Ungava Bay, Québec, Canada" with an effective date of December 19, 2019. The Technical Report is available for review on SEDAR and on the Company's website. The results of the Technical Report supporting Preliminary Economic [...]
Oceanic Iron Ore is pleased to announce the results of a National Instrument 43-101 Preliminary Economic Assessment prepared by BBA Engineering Ltd. in respect of the Company's Hopes Advance Project). A Pre-Feasibility Study was completed on the Project in 2012. The Company is not treating the economic results of the 2012 PFS or the related Mineral Reserve estimates as current. However, some of the scientific and [...]
Oceanic Iron Ore announces the issuance of 18,500,000 units of the Company from treasury in connection with the conversion by certain holders of the Company's Series B convertible debentures issued by the Company on November 29, 2018. A total principal amount of $925,000 has been converted at a conversion price of $0.05 per Unit, with Each Unit comprising one common share of the Company and one share purchase warrant of [...]
Oceanic Iron Ore announces that pursuant to the Company's Stock Option Plan, a total of 1,990,000 incentive stock options have been granted to directors, officers and consultants of the Company. The Options are exercisable at a price of $0.09 per share for a period of 10 years expiring on March 19, 2029. Furthermore, pursuant to Oceanic's Restricted Share Unit plan, the Company's compensation committee and board of [...]
At the request of the Investment Industry Regulatory Organization of Canada, Oceanic Iron Ore wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. ceanic Iron Ore Corp. On behalf of the Board of Directors "Steven Dean" Executive Chairman +604 566-9080 About Oceanic: Oceanic is a company focused on the [...]
Oceanic Iron Ore Corp. is pleased to announce the completion of a non-brokered financing in an aggregate amount of $1,812,500. The subscribers to the Financing will be issued Series B convertible debentures which will earn interest at a rate of 8.5% per annum over a 60 month term, payable quarterly. The principal amount of the Debentures will be convertible to units during the Term at the election of the subscriber. The [...]
Oceanic Iron Ore] 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. 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 [...]
TSX Venture Exchange: FEO VANCOUVER, Jan. 30, 2018 /CNW/ - Oceanic Iron Ore Corp. is pleased to announce the signing of a Memorandum of Understanding with Sinosteel Equipment and Engineering Co., Ltd . The MOU formalizes the understanding and intentions of the parties in respect of cooperation focused on the Company's Hopes Advance project development. Specifically, Sinosteel MECC intends to assist in the arrangement of a [...]
TSX Venture Exchange: FEO VANCOUVER, Jan. 12, 2018 /CNW/ - Oceanic Iron Ore Corp. is pleased to announce that it has reached agreement with SPG Royalties Inc. in respect of the settlement of its 2017 advance royalty payment of $100,000 . The Company and SPG have agreed to settle the 2017 advance royalty payment through the issuance of 1,000,000 common shares at a price of $0.10 per share, subject to approval by the TSX [...]
TSX Venture Exchange: FEO VANCOUVER, Nov. 23, 2017 /CNW/ - Oceanic Iron Ore Corp. announces the issuance of 16,734,703 common shares of the Company from treasury in connection with the repayment of a convertible debenture issued by the Company to Sino-Canada Natural Resources Fund I on May 23, 2013 and amended under an Amendment Agreement dated for reference on September 18, 2015 . As noted in the Company's press release [...]
TSX Venture Exchange: FEO VANCOUVER, Nov. 17, 2017 /CNW/ - Oceanic Iron Ore Corp. announces that pursuant to the terms of a convertible debenture issued by the Company to Sino-Canada Natural Resources Fund I on May 23, 2013 and amended under an Amendment Agreement dated for reference on September 18, 2015 , Oceanic has provided formal notice to Sino-Canada that the Company will repay the remaining principal and interest [...]
Oceanic Iron Ore is pleased to announce the completion of a non-brokered financing in an aggregate amount of $810,000. The subscribers to the Financing will be issued convertible debentures which will earn interest at a rate of 8.5% per annum over a 60 month term, payable quarterly. The principal amount of the Debentures will be convertible to Units during the Term at the election of the subscriber. The conversion price [...]