Oracle Commodity Holding Increases Non-Brokered Private Placement 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 k.
• Each unit includes one common share and one transferable warrant (exercise price $0.06, three‑year term); finder’s fees up to 7% may be paid in additional units.
• 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 → potential gross proceeds of $280,000 (up from $262,500).
• Unit Composition: 1 common share + 1 transferable common‑share purchase warrant (exercise price $0.06, three‑year expiry).
• Finder’s Fees: Up to 7 % payable in Finder’s Units (each consisting of 1 share + 1 non‑transferable warrant with same exercise terms).
• Insider Subscription: Insiders may subscribe for up to 1,750,000 Units, contributing up to $61,250 gross proceeds; treated as a related‑party transaction under MI 61‑101.
• Regulatory Exemptions: Offering relies on TSX Venture Exchange minimum price exemption; closing subject to regulatory approvals and statutory hold period of 4 months + 1 day.
• Use of Proceeds: Primarily for general corporate purposes and payment of the cash consideration (“Fluorspar NSR Consideration”) to acquire a 2 % royalty from U.S. Fluorspar LLC; no other specific use exceeds 10 % of gross proceeds.
• Closing Timeline: Anticipated “as soon as practicable” once approvals are obtained.

Notable Quotes

• “We are pleased to increase the size of this financing in response to strong investor demand, which will support our strategic acquisition of a royalty interest and broader corporate initiatives,” – Jason Powell, CEO.