Brief: Oceanic Announces Memorandum Of Understanding With Sinosteel Mecc

Oceanic Iron Ore

30/01/2018 13:06

Jan 30 (Reuters) - Oceanic Iron Ore Corp  FEO.V : 
    * OCEANIC ANNOUNCES MEMORANDUM OF UNDERSTANDING WITH 
SINOSTEEL 
MECC 
    * OCEANIC IRON ORE CORP -MOU FORMALIZES UNDERSTANDING, 
INTENTIONS 
OF PARTIES IN RESPECT OF COOPERATION FOCUSED ON CO'S HOPES 
ADVANCE PROJECT DEVELOPMENT 
    * MOU IS A NON-BINDING AGREEMENT THAT BOTH CO AND SINOSTEEL 
MECC 
INTEND TO EVOLVE TO BINDING PROJECT FINANCING ARRANGEMENTS 
    * SINOSTEEL MECC INTENDS TO ASSIST IN ARRANGEMENT OF A 
FUTURE 
EQUITY INVESTMENT, OFF-TAKE AND PROJECT FINANCING 
 
Source text for Eikon:  ID:nCNW7RKHGa  
Further company coverage:  FEO.V  
 
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