Oracle Commodity increases financing to $280,000

Executive Summary

• Oracle Commodity Holding Corp. upsized its non‑brokered private placement from 7.5 M to 8 M units, increasing potential gross proceeds to $280,000.
• Each unit includes one common share and one transferable warrant (exercise price $0.06, three‑year term); insiders may subscribe for up to 1.75 M units ($61,250).
• Net proceeds will be used for general corporate purposes and to fund the cash consideration for acquiring a 2 % royalty from U.S. Fluorspar LLC.

Key Details

• Upsized Offering: 8 000 000 units at $0.035 per unit (previously 7.5 M units).
• Potential Gross Proceeds: $280,000.
• Unit Composition: 1 common share + 1 transferable common‑share purchase warrant (exercise price $0.06, exercisable for three years).
• Finder’s Fees: Up to 7 % payable in finder’s units (each finder’s unit = 1 share + 1 non‑transferable warrant, same exercise terms).
• Insider Subscription: Up to 1.75 M units, gross proceeds up to $61,250; treated as a related‑party transaction under MI 61‑101.
• Regulatory Exemptions: Relies on TSX Venture Exchange minimum price exemption; private placement exempt from prospectus requirements; statutory hold period of four months and one day.
• Closing Conditions: Subject to receipt of all required regulatory approvals, including TSX Venture Exchange; anticipated “as soon as practicable.”
• Use of Proceeds: Primarily for general corporate purposes and payment of cash consideration (fluorspar NSR) for acquiring a 2 % royalty from U.S. Fluorspar LLC; no other specific use exceeds 10 % of gross proceeds.
• Reporting: Company will file a material change report regarding the related‑party transaction.

Notable Quotes

(No direct quotes provided in the release.)