Oceanic Wind Announces Issuance of Shares for Service

Vancouver, B.C. – July 19, 2021 – Oceanic Wind Energy Inc. (TSX-V: NKW) (the “Company” or “Oceanic Wind”) today announced the quarterly issuance of shares to the Company’s directors.

In connection with the board resolution to reduce the compensation of directors, as announced in a news release of January 14, 2016, the Company has issued a total of 71,875 common shares to its directors for the quarter ended June 30, 2021. All shares were issued at the closing share price for Wednesday, June 30, 2021 of $0.15.

Oceanic Wind is a British Columbia-based renewable energy company who has been developing an offshore wind project located off B.C.’s northwest coast, where the wind resource is one of the strongest and most consistent in the world.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:
Michael O’Connor, President & CEO
Tel: 604-631-4483
Email: info@oceanicwind.ca

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Oceanic Wind Energy Inc. (“Oceanic”) have taken reasonable care in preparing and publishing on a regular basis information on this website. The information is not a substitute for detailed investigation or analysis on any particular issue and may not always be current. The materials on Oceanic’s Internet site are provided “as is.” Oceanic does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet site or otherwise relating to such materials or on any sites linked to these sites.

This website may contain forward-looking statements about Oceanic and its future plans within the meaning of applicable securities laws. Forward-looking information may relate to the Corporation’s future outlook and anticipated events or results. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors and assumptions regarding expected growth, results of operations, performance and business prospects and opportunities. While the Corporation considers these assumptions to be reasonable as of the current date based on information currently available to it, they may prove to be incorrect. Forward looking-information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what the Corporation currently expects and there can be no assurance that such statements will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, risks and uncertainties and other factors that contribute to the possibility that the predicted outcome will not occur. Readers should not rely upon forward-looking information as of any other date. The Corporation is not under any obligation and does not undertake to update this information at any particular time and assumes no obligation to update or revise forward-looking statements should circumstances or management’s estimates or opinions change.