Company Description
Oceanic Iron Ore Corp New (FEOVF) is a public company whose securities are referenced in Canadian regulatory disclosures and trade under the symbol FEOVF. Available information indicates that the company has issued common shares and several series of convertible debentures, along with common share purchase warrants. These securities are the subject of early warning reports and related filings by significant investors.
According to recent news releases, an institutional investor, Beedie Investments Ltd. (operating as Beedie Capital), has reported substantial holdings in Oceanic Iron Ore Corp. These holdings include common shares, multiple series of convertible debentures (identified as Series A, Series B, Series C, Series D, and Series E Convertible Debentures), and common share purchase warrants. The investor disclosures describe how these debentures may be converted into common shares and how warrants may be exercised to acquire additional common shares, which can affect the overall ownership percentage of Oceanic Iron Ore Corp’s equity.
Early warning reports filed in relation to Oceanic Iron Ore Corp describe transactions such as the conversion of Series E Convertible Debentures into units consisting of common shares and warrants, as well as internal reorganizations of the investor’s holdings among affiliated entities. These disclosures provide insight into the capital structure of Oceanic Iron Ore Corp, highlighting the presence of multiple classes of convertible securities and warrants that can influence potential dilution and control.
The company’s securities have been referenced in connection with trading on the TSX Venture Exchange, and related news releases note that the exchange and its regulation services provider do not take responsibility for the adequacy or accuracy of those releases. Investors reviewing FEOVF may therefore pay close attention to early warning reports, debenture terms, and warrant conditions to understand how ownership percentages are calculated and how they might change if conversions and exercises occur.
Because publicly available information in the provided sources focuses on investor disclosures rather than a detailed operational profile, specifics such as Oceanic Iron Ore Corp’s operating sector, projects, or revenue model are not described in the cited documents. The emphasis instead is on the structure and terms of its equity and debt-like instruments and on how significant shareholders report their positions and changes in those positions.
Capital Structure and Significant Holdings
News releases relating to Oceanic Iron Ore Corp outline how Beedie Capital’s holdings are composed of common shares, multiple series of convertible debentures, and common share purchase warrants. The disclosures explain that, for ownership calculations, assumptions are made about the full conversion of debentures and the full exercise of warrants issuable upon such conversions. These calculations are then expressed as a percentage of the issued and outstanding common shares after giving effect to such conversions and exercises.
In one early warning report, Beedie Capital describes acquiring units of Oceanic Iron Ore Corp by converting Series E Convertible Debentures at a specified conversion price per unit. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a stated exercise price over a defined period. The same disclosure also notes additional common shares acquired through the facilities of the TSX Venture Exchange.
Another news release describes an internal reorganization within Beedie Capital’s corporate structure. In that transaction, Beedie Capital assigned and transferred its Oceanic Iron Ore Corp common shares, warrants, and Series A, B, C, and D Convertible Debentures to a related entity, Beedie Capital Investments Ltd., and then transferred the shares of that entity to Beedie Capital Holdings Ltd. The release states that, before and after this internal reorganization, Beedie Capital’s indirect ownership position in Oceanic Iron Ore Corp, calculated on a converted and fully exercised basis, represented the same approximate percentage of the company’s issued and outstanding common shares.
Regulatory Disclosures and Investor Intent
The early warning reports referenced in the news releases state that all securities held by Beedie Capital in Oceanic Iron Ore Corp are held for investment purposes. They also note that Beedie Capital may, depending on market circumstances, purchase additional securities, participate in a corporate transaction involving Oceanic Iron Ore Corp, sell some or all of its holdings, or continue to hold its existing position. Copies of the early warning reports are indicated as being available under Oceanic Iron Ore Corp’s profile on SEDAR+.
These disclosures are made in accordance with applicable securities laws and provide transparency into the holdings and intentions of a significant investor in Oceanic Iron Ore Corp. For observers of FEOVF, such reports can be useful for understanding changes in major shareholdings, the potential impact of convertible instruments, and the presence of warrants that may be exercised over time.
Use of FEOVF Overview on Stock Titan
The FEOVF overview page on Stock Titan is centered on information drawn from regulatory-style news releases and investor filings that mention Oceanic Iron Ore Corp. It highlights the company’s relationship with significant investors, the existence of multiple series of convertible debentures and warrants, and the way these instruments are treated in ownership calculations. Because the provided sources do not describe the company’s operations in detail, this overview focuses on the capital markets aspects reflected in the early warning reports.
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No SEC filings available for Oceanic Iron Ore.
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Short Interest History
Short interest in Oceanic Iron Ore (FEOVF) currently stands at 0 shares, down 100.0% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has decreased by 100%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Oceanic Iron Ore (FEOVF) currently stands at 0.0 days, down 100% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 100% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 0.0 to 1000.0 days.