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Oceanic Iron Ore Corp V.FEO

Alternate Symbol(s):  FEOVF

Oceanic Iron Ore Corp. is a Canada-based exploration-stage company. The Company is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The Company is focused on the development of the Ungava Bay iron properties in Nunavik, Quebec. The properties comprise three project areas: Hopes Advance, Morgan Lake, and Roberts Lake. The properties cover over approximately 36,039 hectares of iron ore formation and are located within 20-50 kilometer of tidewater. These properties comprise approximately 3,703 claims which are located over 1,568 square kilometers along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec. The projects cover over 300 kilometers of iron formation.


TSXV:FEO - Post by User

Post by helpline88on Nov 20, 2020 6:26am
737 Views
Post# 31939073

FEO

FEOI think Management is going to do one of three things (guess)

1.  Announce they have a strategic partner or something along those lines.(buyout/sale)

2. They issue a bunch of cheap shares to keep the lights on and then issue a bunch of cheap 
    shares to the Royalty holders. This accompishes very little and further hurts the share structure. 

3. They issue a bunch of cheap shares to the Royalty holders and then roll the stock back 2,
    or 3 or 4 to one and then issue themselves a bunch of cheap shares. This solves the share 
   structure problem and keeps the lights on but hurts the minority shareholders. 

   No 2 or No 3 is not good us minority shareholders. I am thinking we are going to know soon      
   where we stand.




    
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