Oracle Commodity arranges $245,000 private placement

Executive Summary

• Oracle Commodity Holding Corp. announced a non‑brokered private placement to raise up to $245,000 by selling up to 7 million units at $0.035 per unit.
• Each unit includes one common share and one transferable warrant (exercise price $0.06, three‑year term); insiders may purchase up to 1.75 million units for $61,250.
• Net proceeds will be used for general corporate purposes; the transaction is subject to a statutory hold period of four months and one day and will be reported as a material change due to related‑party participation.

Key Details

• Units offered: up to 7,000,000 units at $0.035 per unit → gross proceeds of $245,000.
• Unit composition: 1 common share + 1 transferable common share purchase warrant (exercise price $0.06, exercisable for three years).
• Finder’s fee: up to 7 % payable in finder’s units (each finder’s unit = 1 share + 1 non‑transferable warrant, same exercise terms).
• Insider subscription: insiders may purchase up to 1,750,000 units for gross proceeds of $61,250.
• Related‑party transaction: will be reported via a material change report under MI 61‑101; insiders’ participation does not exceed 25 % of fair market value.
• Closing conditions: subject to TSX Venture Exchange approvals and receipt of all regulatory consents; anticipated “as soon as practicable.”
• Statutory hold period: four months and one day from issuance date.
• Use of proceeds: general corporate purposes; no single use representing ≥10 % of gross proceeds.

Notable Quotes

(No direct quotes provided in the release.)