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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 Apr 04, 2020 2:55am
161 Views
Post# 30878558

Cash

CashI am thinking the Company has to be getting low in cash. 

In the past the PP's, options, rights etc have mostly gone to the insiders. The insiders now own most of the shares and I am wondering if doing another PP where the shares go to the insiders will that cause a control problem for them. If that is the case the next PP would have to go a strategic partner.  

If the next PP does go to the insiders well that will tell us all we need to know.  
Bullboard Posts