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| Home : Oceanic Announces Restructuring of Private Placement |
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Sep 27
2014 |
Oceanic Announces Restructuring of Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2014) - Oceanic Iron Ore Corp. ("Oceanic", or the "Company") (TSX VENTURE:FEO)(OTCQX:FEOVF) announces that it has elected to restructure the private placement announced in the Company's news release of August 27, 2014.
The Company will now offer up to 15 million units at a price of $0.20 per unit for gross proceeds of up to $3,000,000, instead of what was previously announced. Each unit will consist of one common share in the capital of the Company and one share purchase warrant entitling the holder to purchase one additional common share in the capital of the Company at a price of $0.30 per share for a period of 30 months after closing. |
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| Source:http://www.marketwired.com/mw/release.do?id=1951183&sourceType=3 |
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