08:20 AM EDT, 07/03/2024 (MT Newswires) -- Oceanic Iron Ore ( FEOVF ) , which is advancing the Ungava Bay iron properties in Nunavik, Quebec, late on Tuesday said it agreed to issue shares to settle accrued interest due under its debentures.

The company said it settled an aggregate $92,651 accrued interest on its Replacement Series A convertible debentures, Replacement Series B convertible debentures, Series C convertible debentures and Series D convertible debentures by issuing 926,509 shares priced at $0.10 apiece.