Financings
Oracle Energy to settle $400,000 debt with 6.66 M units
OEC · Price
Executive Summary
- Oracle Energy Corp. will settle $400,000 of outstanding debt by issuing 6,666,667 units priced at $0.06 each to creditors.
- Each unit consists of one common share and one common share purchase warrant (exercisable at $0.08 for 12 months).
- The settlement is pending approval by the NEX board of the TSX Venture Exchange and will be subject to a four‑month hold period on the issued securities.
Key Details
- Debt Amount: $400,000 to be settled.
- Units Issued: 6,666,667 units at $0.06 per unit.
- Unit Composition: 1 common share + 1 common share purchase warrant.
- Warrant Terms: Each warrant exercisable at $0.08 per share for a period of 12 months from issuance.
- Regulatory Approval: Settlement requires approval by the NEX board of the TSX Venture Exchange.
- Hold Period: All securities issued in connection with the settlement will be subject to a four‑month hold period.
Notable Quotes
(No direct quotes were provided in the release.)