Oracle Commodity Holding Announces Closing of Non-Brokered Private Placement

Core Points - Oracle Commodity Holding Corp. has successfully closed a non-brokered private placement of 8,000,000 units at a price of $0.035 per unit, resulting in gross proceeds of $280,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.06 for three years [1] - Proceeds from the private placement will be allocated for working capital and general corporate purposes [2] Related Party Transactions - A director and officer of the company subscribed for 1,750,000 units, contributing gross proceeds of $61,250, which is classified as a related-party transaction [3] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the fair-market value of securities issued to insiders not exceeding 25% of the company's market capitalization [3] Regulatory Compliance - The securities issued in the private placement are subject to a regulatory hold period of four months and one day [2] - None of the proceeds will be used for the acquisition of a 2% royalty from U.S. Fluorspar LLC until approval from the TSX Venture Exchange is obtained [4] - Proceeds will not be allocated to non-arm's length parties or for any specific use representing 10% or more of the gross proceeds [5] Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on various precious metal and critical mineral mining projects [7]