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Oracle Commodity Issues Shares for Salaries to Align Management and Shareholder Interests
OracleOracle(US:ORCL) Newsfile·2025-02-21 21:30

Core Points - Oracle Commodity Holding Corp. issued a total of 84,594 common shares under a Consulting Agreement with Bayer Law Corporation, effective October 2, 2024, in lieu of 15% of Mr. Bayer's salary [1][2] - The total amount for the shares issued under the Consulting Agreement is CAD$2,500, with individual issuances ranging from CAD$625 to CAD$625 at deemed prices per share between CAD$0.0225 and CAD$0.04125 [2] - The issuance of shares has not resulted in the creation of a new Control Person within the company [3] - The company clarified details regarding a private placement transaction, issuing 147,750 Units as Finder's Fees, with each Unit consisting of one common share and one share purchase warrant priced at CAD$0.15 per share until June 12, 2027 [4] - Oracle Commodity Holding Corp. is a mining royalty company that was spun out from Silver Elephant Mining Corp. in 2022 [5]