On September 26, 2022, Oceanic Iron Ore Corp. closed the non-brokered private placement. The insiders of the company issued debentures with a principal amount in aggregate of CAD 1,145,500.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 12 placees, 7 existing insiders for CAD 1,145,500 and 1 pro group for CAD 10,500.