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Thursday, 03/29/2012 8:15:43 PM

Thursday, March 29, 2012 8:15:43 PM

Post# of 1440
8K on 3/28 ... FINANCING

On March 26, 2012, Ocean Electric Inc. (the “Company”) issued 1,400,000 common shares to Zenith Equity Group Ltd. pursuant to share subscriptions received. The shares were issued at a price of $0.36 for cash consideration of $504,000.00. The shares carry a special restrictive covenant prohibiting any public sales or legend removal before March 31, 2013.