On March 10, 2021, Oceanic Iron Ore Corp. (TSXV:FEO) closed the transaction. The company raised CAD 1,557,548 in the transaction. The transaction included participation from insiders for CAD 1,355,358 and returning investors Beedie Capital for CAD 200,640 and Sirocco Advisory Services Ltd for CAD 375,250, which are convertible into 1,975,000 units of the company until March 10, 2026 and 14 placees including Chris Batalha; Chief Financial Officer for CAD 186,960 Bing Pan; Chief Executive Officer for CAD 19,950 Gordon Keep; member of the board for CAD 61,370, John Reynolds; member of the board for CAD 26,399, Fran Giustra for CAD 267,330, Sino-Canada Natural Resources Fund I for CAD 82,460 and aggregate professional group involvement was for CAD 79,900. The securities issued on conversion thereof are subject to a hold period expiring on July 10, 2021. No finder’s fees were paid in connection with the transaction. The investors hold 4,265,403 common shares approximately 4.5% of the issued and outstanding common shares, 2,300,000 warrants, and 3,141,700 stock options of the Company prior to the transaction. After the transaction the investor would hold 14,450,437 common shares of the company, representing approximately 13.9% of the issued and outstanding common shares. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.