Oceanic Announces Proposed Share Consolidation
12 Juin 2014 - 2:35AM
Marketwired
Oceanic Announces Proposed Share Consolidation
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 11, 2014) -
Oceanic Iron Ore Corp. (TSX-VENTURE:FEO)(OTCQX:FEOVF) ("Oceanic",
or the "Company") announces that it intends to consolidate its
outstanding share capital on the basis of 10 pre-consolidation
shares for 1 post-consolidation share.
The consolidation is expected to provide the Company with a more
compact and conventional capital structure in the current
market.
The Company currently has 196,618,231 common shares issued and
outstanding, and after the consolidation, the Company will have
approximately 19,661,823 common shares issued and outstanding. The
Company does not expect to change its name in conjunction with the
consolidation.
The completion of the consolidation remains subject to TSX
Venture Exchange approval.
OCEANIC IRON ORE CORP. (www.oceanicironore.com)
On behalf of the Board of Directors
Steven Dean, Chairman and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Oceanic Iron Ore Corp.Steven DeanChairman and Chief Executive
Officer+1 604 566 9080www.oceanicironore.com
Oceanic Iron Ore (PK) (USOTC:FEOVF)
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