Oracle Commodity proposes $100,000 private placement at $0.05 per unit

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) announced a non-brokered private placement financing to raise up to $100,000 through the sale of up to 2,000,000 units priced at $0.05 each.

Each unit consists of one common share and one transferable warrant allowing the holder to purchase an additional share at $0.06 for three years from issuance. A company director plans to subscribe for up to 1,000,000 units, representing up to $50,000 of the total offering.

The participation by the director constitutes a related party transaction under Multilateral Instrument 61-101. Oracle anticipates relying on exemptions from minority shareholder approval and formal valuation requirements, as the transaction value is expected to remain below 25 percent of the company's market capitalization.

The mining royalty company may pay finder's units to certain parties, with each finder's unit including one share and one non-transferable warrant exercisable at $0.06 per share for three years. All securities issued will be subject to a four-month and one-day hold period following closing.

The offering requires approvals including from the TSX Venture Exchange. Oracle stated it intends to use net proceeds for general corporate purposes. The company holds royalties on precious metal and critical mineral mining projects.

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