Oracle Energy closes second tranche of financing

Executive Summary

• Oracle Energy Corp. has closed the second tranche of its unit financing, raising $85,000.
• The company issued 1.7 million units to subscribers, with proceeds designated for general working capital.
• Each unit consists of one common share and one common share purchase warrant exercisable at $0.10 for 12 months.

Key Details

• Transaction Type: Closing of second tranche of unit financing.
• Gross Proceeds: $85,000.
• Units Issued: 1.7 million units.
• 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.
• Use of Proceeds: General working capital purposes.
• Hold Period: All securities issued are subject to a four-month hold period.
• Finder’s Fees: The company may pay finders' fees in cash and warrants in accordance with exchange policies.

Notable Quotes

• None provided in the text.