Mr. Michael O'Connor reports
OCEANIC WIND RELEASES SECOND QUARTER FINANCIAL RESULTS
Oceanic Wind Energy Inc. has released its financial results for the second quarter ended March 31, 2025.
An overview of Oceanic's quarterly results includes:
- As at March 31, 2025, Oceanic had $230,830 in cash, compared with $13,448 at Sept. 30, 2024.
On Oct. 1, 2024, the company received proceeds of $550,000 from the sale of its subsidiary,
NaiKun Wind Development Inc., and will be receiving proceeds of $475,000 on each of the first and second anniversaries of the Oct. 1, 2024, closing of the transaction.
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For the three months ended March 31, 2025, Oceanic incurred a net loss of $109,321 (nil per
share), compared with a net loss of $52,892 (nil per share) for the three months ended March 31,
2024.
We seek Safe Harbor.
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