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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 23, 2018 12:11pm
47 Views
Post# 29014420

RE RE Soon

RE RE SoonIf I rmember correctly there were 10 subscribers for the previous $810,000 Debenture financing done last year. We know Giustra purchase $200,000, Keep $50,000, Dean $33,000 and Batalha $22,000. The rest of the financing, $505,000 was subscribed by 6 investtors and we never did find out who they were. So I am thinking we might only know how much the insiders take of $1.8 million dollar financing. Now I am not sure if an investor subscribes to depentures that could be converted to more than 10% of the companies issue stock would that investor have to be disclosed. It might be they would be disclosed only after converting the depenture. I am not sure how it works. 







 
Bullboard Posts