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Oceanic Iron Ore ( (TSE:FEO) ) just unveiled an update.
Oceanic Iron Ore Corp. has announced the conversion of certain Series E Convertible Debentures into 23,805,569 units, each comprising one common share and one share purchase warrant. This conversion has resulted in significant changes in the ownership stakes of major stakeholders, including Frank Giustra and Steven Dean, who have increased their holdings in the company. The conversions are part of investment strategies by these stakeholders, potentially impacting the company’s market positioning and shareholder dynamics.
More about Oceanic Iron Ore
Oceanic Iron Ore Corp. operates in the mining industry, focusing on the exploration and development of iron ore properties. The company is primarily engaged in the acquisition and exploration of iron ore projects, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 268,132
Technical Sentiment Signal: Buy
Current Market Cap: C$103M
See more data about FEO stock on TipRanks’ Stock Analysis page.