Vancouver, B.C. – January 17, 2022 – Oceanic Wind Energy Inc. (TSXV-NEX: NKW.H) (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 89,844 common shares to its directors for the quarter ended December 31, 2021. All shares were issued at the closing share price for Friday, December 31, 2021 of $0.12.
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