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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

Bullboard Posts
Post by helpline88on Nov 14, 2018 11:00pm
36 Views
Post# 28977567

Drill's take

Drill's takeThanks for your update but not much meat on the bone. Management just keeps it vague. But they are going to have to give us some important info soon. 

I think the key is, who is buying the debentures. It's not the amount of money they are rasing that is important but rather the amount of shares they could be issuing and to who. This is an opportunity for a significant investor to take a key position in this company.

I think we are near the crossroads with this. Seems to me this financing has to lead to something. Another financing beyond this one and we minority shareholders will be swallowed up.

So lets see who is coming on board.    
Bullboard Posts