Oceanic Iron Ore announces that it intends to consolidate its outstanding share capital on the basis of 10 pre-consolidation shares for 1 post-consolidation share. The consolidation is expected to provide the Company with a more compact and conventional capital structure in the current market. The Company currently has 196,618,231 common shares issued and outstanding, and after the consolidation, the Company will have [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 28, 2013) - Oceanic Iron Ore Corp. ("Oceanic" or the "Company") (TSX VENTURE:FEO)(OTXQX:FEOVF) is pleased to announce the results of voting at its recent Annual General Meeting of Shareholders ("AGM") held today. Shareholders approved all items put forward by the Board of Directors and management. Jean Martel, who was nominated for the board of directors, was elected, and [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 12, 2013) - Oceanic Iron Ore Corp. ("Oceanic" or the "Company") (TSX VENTURE:FEO)(OTCQX:FEOVF) announces that it has received the results of its previously announced Shipping Optimization Study (the "Study") led by AMEC. This Study concludes with greater certainty that the Company's shipping strategy, which will include direct shipments during ice free months from Breakwater [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 8, 2013) - Oceanic Iron Ore Corp. ("Oceanic", or the "Company") (TSX VENTURE:FEO)(OTCQX:FEOVF) announces that it has received the results of its previously announced pot grate test work program (the "Study") performed by Coleraine Minerals Research Laboratory on iron concentrates produced from the Company's Hopes Advance project. The Study concludes that, with the addition [...]
Oceanic Iron announces receipt of a Letter of Intent ("LOI") originating from the Ministry of Finance and Economy of the Government of Quebec with respect to its interest in participating in a minority stake investment in Oceanic's Hopes Advance project, subject to additional future approvals of the Government of Québec. The government's financial contribution will originate from the province's Mining and Oil Capital fund [...]
Oceanic Iron Ore announces that it has received the results of its study for the optimization of product and process for its Hopes Advance project from Met-Chem Canada with the associated laboratory test work completed by SGS Mineral Services Lakefield. Oceanic initiated the Study earlier this year to provide the Company with a comprehensive understanding of the full range of the process and product capabilities for the [...]
Oceanic Iron Ore announces that it has appointed John B. Hall as VP of Shipping and Marine Services with immediate effect. Mr. Hall possesses thirty five years experience in the field of industrial bulk transportation with relevant expertise in respect of ports, shipping, and transshipment approaches. He has an extensive network of contacts and business relationships in the industry and in the past has been employed by [...]
Oceanic Iron Ore announces that it has completed its 2013 exploration program focused on the Morgan Lake and Roberts Lake concessions. The 2013 program activities were confined to the minimum required exploration work, and expenditures, to maintain all of the Company's claims in good standing. Approximately 2,020.7 kilometers of magnetic ground geophysical work was completed on these properties with the objective of [...]
Oceanic Iron Ore announces that it has closed a non-brokered financing of $3 million subscribed for by Sino-Canada Natural Resources Fund. Sino-Canada Fund was issued a convertible debenture which will earn interest at a rate of 6% over the 30 month term of the Debenture. The principal amount of the Debenture will be convertible to common shares of the Company ("Common Shares") at a price of $0.16 per share at the [...]
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 [...]
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