Oceanic Iron gets backing from Sino-Canada resources fund
Canada's Oceanic Iron Ore has received non-brokered financing of $3 million from Sino-Canada Natural Resources Fund, which will be issued convertible debentures.
The debentures, which will convert to common shares at $0.16 apiece, have a coupon of 6% over a 30-month term, according to a statement. Meanwhile, the company has engaged CapitalAsia as a strategic...
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