Duyuru • Jan 13
Oceanic Wind Energy Inc., Annual General Meeting, Mar 24, 2026 Oceanic Wind Energy Inc., Annual General Meeting, Mar 24, 2026. New Risk • Dec 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 23% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.24m market cap, or US$3.83m). Minor Risk Large one-off items impacting financial results. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Peter Pastewka was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Sep 30
Now 24% undervalued Over the last 90 days, the stock has risen 45% to CA$0.08. The fair value is estimated to be CA$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Sep 03
Now 31% undervalued Over the last 90 days, the stock has risen 50% to CA$0.075. The fair value is estimated to be CA$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Duyuru • Jan 13
Oceanic Wind Energy Inc., Annual General Meeting, Mar 11, 2025 Oceanic Wind Energy Inc., Annual General Meeting, Mar 11, 2025. Location: british columbia, vancouver Canada Duyuru • Aug 31
Oceanic Wind Energy Inc. (TSXV:NKW.H) agreed to acquire NaiKun Wind Development, Inc. from Elemental Energy Inc. for $1.5 million. Oceanic Wind Energy Inc. (TSXV:NKW.H) agreed to acquire NaiKun Wind Development, Inc. from Elemental Energy Inc. for CAD 1.5 million on August 29, 2024. The Purchase Price shall be paid by Elemental in three installments, CAD 0.55 million shall be paid to the Company on closing, CAD 0.475 million shall be paid to the Company on the first anniversary of closing; and CAD 0.475 million shall be paid to the Company on the second anniversary of closing. In addition, Elemental has agreed to fund up to CAD 0.5 million of the Company’s advisory costs (legal and accounting) related to this transaction.
The transaction is subject to approval of offer by target shareholders and subject to shareholder approval. Duyuru • Jan 26
Oceanic Wind Energy Inc., Annual General Meeting, Mar 26, 2024 Oceanic Wind Energy Inc., Annual General Meeting, Mar 26, 2024. New Risk • Dec 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$272k free cash flow). Share price has been highly volatile over the past 3 months (52% average weekly change). Negative equity (-CA$1.0m). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.49m market cap, or US$2.57m). Minor Risk Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Recent Insider Transactions Derivative • Nov 27
Independent Director exercised options to buy CA$40k worth of stock. On the 24th of November, Joseph Houssian exercised options to buy 1m shares at a strike price of around CA$0.07, costing a total of CA$70k. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. Since March 2023, Joseph's direct individual holding has increased from 16.87m shares to 17.87m. Company insiders have collectively bought CA$126k more than they sold, via options and on-market transactions, in the last 12 months. Duyuru • Jan 27
Oceanic Wind Energy Inc., Annual General Meeting, Mar 28, 2023 Oceanic Wind Energy Inc., Annual General Meeting, Mar 28, 2023. Duyuru • Oct 29
Oceanic Wind Energy Inc. announced that it expects to receive CAD 0.25 million in funding Oceanic Wind Energy Inc. announced a private placement of up to a maximum of 5,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 250,000 on October 28, 2022. Each unit shall consist of one common share and one common share purchase warrant. Each warrant will be exercisable to acquire one share at an exercise price of CAD 0.07 for a period of one year from the date of issuance. The transaction may involve participation from certain directors and officers of the company. The company may pay finders' fee in the transaction. The closing of the private placement is subject to completion of formal documentation and the approval of the TSX Venture Exchange NEX. All securities issued under this private placement will be subject to a four-month-plus-one-day statutory hold period. Duyuru • Oct 27
Oceanic Wind Energy Inc. Appoints Peter Pastewka to the Board of Directors Oceanic Wind Energy Inc. held its Annual General Meeting on October 25, 2022 Announced that Peter Pastewka, elected to the Board of Directors. Duyuru • Aug 20
Oceanic Wind Energy Inc., Annual General Meeting, Oct 25, 2022 Oceanic Wind Energy Inc., Annual General Meeting, Oct 25, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Art Willms was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Aug 15
Oceanic Wind Energy Inc. announced that it has received CAD 0.3 million in funding On August 13, 2021, Oceanic Wind Energy Inc. closed the transaction. The transaction included participation from insiders for 665,517 units. Is New 90 Day High Low • Jan 19
New 90-day high: CA$0.25 The company is up 92% from its price of CA$0.13 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 21% over the same period. Duyuru • Sep 03
Northland Power Inc. (TSX:NPI) completed the acquisition of 100% interest in NaiKun Wind Development, Inc. from Naikun Wind Energy Group Inc. (TSXV:NKW). Northland Power Inc. (TSX:NPI) entered into an share purchase agreement to acquire 100% interest in NaiKun Wind Development, Inc. from Naikun Wind Energy Group Inc. (TSXV:NKW) on March 27, 2020. Pursuant to the terms of the agreement, the consideration includes cash consideration, future payments consisting of an annual cash distribution and an option to purchase up to a 10% interest in Northland’s interest in NaiKun Offshore Wind Farm project. The transaction is subjected to regulatory approvals, Naikun Wind Energy Group's board approval and shareholder approval of Naikun Wind Energy Group. As of March 27, 2020, the transaction has been unanimously approved by board and Shareholders of Naikun Wind Energy Group and and the TSX Venture Exchange Approval have also been received. As of May 15, 2020, 50% of shareholders were represented with 99% of voted shares of Naikun Wind Energy Group voted in favour of the sale of Naikun Wind Development Inc to Northland Power Inc. The transaction is expected to close in mid- 2020.
Ben Slager and Geoff Peters of Mogan Daniels Slager acted as legal advisor to Naikun Wind Energy Group Inc. (TSXV:NKW) and Shane Freitag of Borden Ladner Gervais LLP acted as legal advisor to Northland Power Inc. PricewaterhouseCoopers "PwC" assisted in identifying and securing a strategic partner for the NaiKun Wind Development. In exchange for services PwC received fixed monthly fixed monthly fees of CAD 12,500 and 1 million stock options which PwC will exercise equal to the value of fees up to CAD 0.1 million. Additionally, PwC will be entitled to 2% of any proceeds received by NaiKun for a period of 24 months, subject to a maximum fee of CAD 0.5 million.
Northland Power Inc. (TSX:NPI) completed the acquisition of 100% interest in NaiKun Wind Development, Inc. from Naikun Wind Energy Group Inc. (TSXV:NKW) on September 1, 2020. Duyuru • Jul 30
Talisker Resources Ltd. (CNSX:TSK) completed the acquisition of 19 Crown Grant mineral claims from Naikun Wind Energy Group Inc. (TSXV:NKW). Talisker Resources Ltd. (CNSX:TSK) entered into an agreement to acquire 19 Crown Grant mineral claims from Naikun Wind Energy Group Inc. (TSXV:NKW) for CAD 0.03 million on March 11, 2020. Consideration will be paid in the form of issue of 0.1 million shares of Talisker Resources Ltd.
Talisker Resources Ltd. (CNSX:TSK) completed the acquisition of 19 Crown Grant mineral claims from Naikun Wind Energy Group Inc. (TSXV:NKW) on April 15, 2020. As on April 15, 2020, 0.1 million consideration shares were issued to Naikun Wind Energy Group. 
