TSXV:FEO - Post Discussion
Post by
Swl1896 on Apr 15, 2024 8:34pm
The 4 month hold on the Royalty Payments has passed
VANCOUVER, BC, Dec. 12, 2023 /CNW/ - Oceanic Iron Ore Corp. – December 12, 2023 (TSXV: FEO) ("Oceanic", or the "Company") announces the Company has closed on the settlement of the Advanced Royalty Payments previously announced on November 23, 2023. The Company has issued 1,153,846 common shares at a price of $0.065 per common share to SPG Royalties Inc. ("SPG"), while also providing SPG with a cash payment of $25,000. Contemporaneously, the Company issued a cash payment of $50,000 to 154619 Canada Inc., who have agreed to defer an additional $50,000 balance remaining until November 30, 2024.
The common shares issued to SPG are subject to a statutory four-month hold period.
Be the first to comment on this post