Sino-Canada Fund provides financing to Oceanic

Vancouver-based Oceanic Iron Ore Corp., a company focused on developing iron ore projects located on the coast of Québec's Labrador Trough, has obtained a $3 million convertible debenture financing from Sino-Canada Natural Resources Fund. Transaction proceeds will fund negotiations with potential strategic partners, feasibility studies, and corporate and working capital purposes. Sino-Canada fund, which is managed by CapitalAsia, makes private equity investments in Canadian resource companies.

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