Oracle Commodity Holding Announces Closing of Non-Brokered Private Placement

Executive Summary

• Oracle Commodity Holding Corp. closed a non‑brokered private placement of 2,000,000 units at $0.05 per unit, generating gross proceeds of $100,000.
• Each unit includes one common share and one transferable warrant allowing purchase of an additional share at $0.06 for three years.
• Proceeds will be used for working capital and general corporate purposes; the securities are subject to a four‑month plus one‑day hold period.

Key Details

• Units sold: 2,000,000 units @ $0.05 per unit → gross proceeds: $100,000.
• Unit composition: 1 common share + 1 transferable common share purchase warrant.
• Warrant terms: Right to purchase one additional share at $0.06 per share for a period of three years from issuance.
• Use of proceeds: Working capital and general corporate purposes.
• Regulatory hold: Four months and one day from the closing date, in accordance with securities laws.
• No finder's fees were paid in connection with this private placement.
• Closing is subject to receipt of all necessary approvals, including TSX Venture Exchange approval.

Notable Quotes

“We are pleased to announce the successful closing of this financing, which provides us with additional capital to support our ongoing operations and strategic initiatives.” – Jason Powell, CEO.