Oracle Commodity Holding Increases Non-Brokered Private Placement to $280,000

Core Viewpoint - Oracle Commodity Holding Corp. has increased its non-brokered private placement financing due to high demand, raising the offering from 7,500,000 units to 8,000,000 units, with potential gross proceeds of $280,000 [1] Group 1: Offering Details - The Offering consists of 8,000,000 units priced at $0.035 per unit, each unit includes one common share and one transferable common share purchase warrant [1] - Each warrant allows the holder to acquire an additional common share at an exercise price of $0.06 for three years [1][2] - A Finder's fee of up to 7% in Finder's Units will be payable, with each Finder's Unit consisting of one share and one non-transferable share purchase warrant [2] Group 2: Insider Participation - Company insiders will subscribe for up to 1,750,000 units, generating gross proceeds of up to $61,250 [3] - The issuance of units to insiders is classified as a related party transaction, relying on exemptions from formal valuation and minority shareholder approval requirements [3] Group 3: Regulatory and Closing Information - The Company is utilizing the TSX Venture Exchange's minimum price exemption and anticipates closing the Offering soon, subject to necessary regulatory approvals [4] - The units will be issued on a private placement basis and will be subject to a statutory hold period of four months and one day from the issuance date [4] Group 4: Use of Proceeds - The net proceeds from the Offering will be used for general corporate purposes and to pay for the cash consideration for acquiring a 2% royalty from U.S. Fluorspar LLC over certain fluorspar projects [5] - No proceeds will be allocated to payments to non-arm's length parties, except for normal compensation of officers, directors, employees, and consultants [5] Group 5: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [6]