Brief: Oceanic announces increase in non-brokered private placement financing

Oceanic Iron Ore

07/09/2016 24:30

Sept 6 (Reuters) - Oceanic Iron Ore Corp  FEO.V  
    * Oceanic announces increase in non-brokered private 
placement financing 
    * Co has increased its maximum proceeds in aggregate from 
$850,000 to an amount up to $1 million 
    * Private placement will now result in company issuing up to 
5 million units at a price of $0.20 per unit 
    * Each unit will consist of one common share and one share 
purchase warrant 
    * Each whole warrant entitles holder to purchase one common 
share at a price of $0.30 per share for a period of 24 months 
after closing 
 
  Source text for Eikon:  ID:nCCN7QYKwN  
  Further company coverage:  FEO.V  
 
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