Oracle Commodity Holding announces $245,000 private placement

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) announced a non-brokered private placement to raise $245,000 through the sale of up to 7 million units at $0.035 per unit.

Each unit consists of one common share and one transferable warrant. The warrants allow holders to purchase additional shares at $0.06 each for three years from issuance.

Company insiders will subscribe for up to 1.75 million units, representing gross proceeds of up to $61,250. The insider participation constitutes a related party transaction under Multilateral Instrument 61-101, though the company relies on exemptions from formal valuation and minority shareholder approval requirements since insider participation will not exceed 25% of the company's market capitalization.

A finder's fee of up to 7% will be payable in finder's units, each consisting of one share and one non-transferable warrant with the same $0.06 exercise price and three-year term.

The company plans to use net proceeds for general corporate purposes, with no specific use representing 10% or more of gross proceeds. The offering is subject to regulatory approvals including TSX Venture Exchange approval.

Units will be issued under prospectus exemptions and subject to a four-month-and-one-day statutory hold period from issuance.

Oracle Commodity Holding Corp. operates as a mining royalty company with royalties on precious metal and critical mineral mining projects.

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