Beedie Investments Ltd. has announced the completion of an internal reorganization involving its holdings in Oceanic Iron Ore Corp. As part of the reorganization, Beedie Capital transferred 23,853,107 common shares, 13,333,360 common share purchase warrants, and several series of convertible debentures in Oceanic Iron Ore to Beedie Capital Investments Ltd. Subsequently, all shares of Beedie Capital Investments were assigned to Beedie Capital Holdings Ltd., making Beedie Capital Investments a wholly-owned subsidiary. The transferred securities were valued at their original acquisition cost. All Oceanic Iron Ore securities held by Beedie Capital are for investment purposes, with the company reserving the right to adjust its holdings in the future based on market conditions.

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