Oracle Commodity increases private placement to $300k

Executive Summary

• Oracle Commodity Holding Corp. has increased the size of its non-brokered private placement to up to six million units at $0.05 per unit, raising gross proceeds of up to $300,000.
• The financing is subject to TSX Venture Exchange approval and includes an insider subscription of up to four million units ($200,000) by John Lee, structured as a related-party transaction relying on specific exemptions from Multilateral Instrument 61-101.
• Proceeds are designated for general corporate purposes and working capital, with no finders' fees payable.

Key Details

• Transaction Structure: Non-brokered private placement.
• Total Size: Up to six million units.
• Price: $0.05 per unit.
• Gross Proceeds: Up to $300,000.
• Unit Composition: Each unit consists of one common share and one transferable common share purchase warrant.
• Warrant Terms: Each warrant allows the holder to acquire one additional common share at an exercise price of $0.06 for a period of three years from issuance.
• Insider Subscription: John Lee (insider) intends to subscribe for up to four million units for gross proceeds of $200,000.
• Regulatory Status: The insider subscription is a related-party transaction under Multilateral Instrument 61-101. The company relies on exemptions from formal valuation and minority shareholder approval requirements (sections 5.5(a) and 5.7(1)(a)) because the insider's participation does not exceed 25% of the company's market capitalization.
• Use of Proceeds: General corporate purposes and continuing working capital.
• Fees: No finders' fees are payable.
• Hold Period: All shares issued (including upon warrant exercise) are subject to a statutory hold period of four months and one day from issuance.
• Approval: Subject to acceptance by the TSX Venture Exchange.