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Published on 3/12/2013 in the Prospect News PIPE Daily.

Oceanus Resources concludes C$2.3 million private placement of stock

Non-brokered deal consists of 8,846,141 shares sold at C$0.26 apiece

By Devika Patel

Knoxville, Tenn., March 12 - Oceanus Resources Corp. said it completed a C$2.3 million non-brokered private placement of stock.

The company sold 8,846,141 shares at C$0.26 apiece. The price per share reflects a 23.53% discount to the March 11 closing share price of C$0.34.

Macquarie Private Wealth Inc. and Global Maxfin Capital Inc. will be paid finder's fees.

The capital pool company is based in Bedford, N.S.

Issuer:Oceanus Resources Corp.
Issue:Common stock
Amount:C$2.3 million
Shares:8,846,141
Price:C$0.26
Warrants:No
Agent:Non-brokered
Settlement date:March 12
Stock symbol:TSX Venture: OCN
Stock price:C$0.34 at close March 11
Market capitalization:C$5.38 million

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