Oracle Energy settles debt, arranges financing

Executive Summary

• Oracle Energy Corp. settled $347,000 of debt by issuing 4,333,333 common shares at $0.06 and 1,450,000 units (each unit = 1 share + 1 warrant) at $0.06.
• An officer contributed $80,000 of the settlement, qualifying as a related‑party transaction exempt from MI 61‑101 valuation/approval thresholds.
• The company announced a non‑brokered private placement for up to $500,000 gross proceeds, issuing up to 5,000,000 units at $0.10 (each unit = 1 share + 1 warrant exercisable at $0.20).

Key Details

• Debt Settlement:
• Total debt settled: $347,000.
• Shares issued: 4,333,333 common shares @ $0.06 per share.
• Units issued: 1,450,000 units @ $0.06 each (unit = 1 common share + 1 warrant).

• Warrants attached to units exercisable at $0.10 for 12 months from issue date.

• Related‑Party Component:

• Officer contribution: $80,000 of the settlement.

• Transaction qualifies under MI 61‑101 exemption (fair market value < 25 % of market cap).

• Statutory Hold Period:

• All securities issued in the settlement are subject to a hold period of four months and one day from issuance.

• Private Placement Financing:

• Gross proceeds target: up to $500,000.
• Units offered: up to 5,000,000 units @ $0.10 per unit.

• Each unit comprises 1 common share + 1 warrant (exercisable for an additional share at $0.20 within 12 months).

• Use of Proceeds:

• Funds from the private placement will be used for general working capital purposes.