Oracle Energy to settle $400,000 debt with units

Executive Summary

• Oracle Energy Corp. intends to settle $400,000 of existing debt by issuing 8,000,000 units to various creditors.
• Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at $0.10 per share for 12 months.
• The transaction is subject to approval by the TSX Venture Exchange (NEX board) and includes a four-month hold period on the issued securities.

Key Details

• Debt Amount Settled: $400,000
• Units Issued: 8,000,000 units
• Unit Price/Value: $0.05 per unit
• Unit Composition: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.10 per share
  • Duration: 12 months from the date of issue
• Regulatory Conditions: Subject to approval by the NEX board of the TSX Venture Exchange.
• Hold Period: All securities issued pursuant to the debt settlement are subject to a four-month hold period.

Notable Quotes

• None provided in the text.