Oracle Commodity Holding Announces a $245,000 Private Placement

Core Points - Oracle Commodity Holding Corp. plans to raise $245,000 through a non-brokered private placement by selling up to 7,000,000 units at a price of $0.035 per unit [1] - Each unit consists of one common share and one transferable common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.06 for three years [1] - Company insiders will subscribe for up to 1,750,000 units, contributing up to $61,250, which is classified as a related party transaction [3] - The offering is subject to regulatory approvals and will be conducted under exemptions from prospectus requirements, with a hold period of four months and one day [4] - The net proceeds will be used for general corporate purposes, with no specific use exceeding 10% of the gross proceeds [5] Financial Details - The offering aims to raise gross proceeds of $245,000 through the sale of units priced at $0.035 each [1] - Insiders' participation in the offering will not exceed 25% of the fair market value of the company's market capitalization [3] - A finder’s fee of up to 7% will be payable in finder’s units, which will also consist of one share and a non-transferable warrant [2] Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [6]