Oracle Commodity Holding Announces a $250,000 Private Placement

Core Viewpoint - Oracle Commodity Holding Corp. is initiating a non-brokered private placement financing to raise up to $250,000 through the sale of 5,000,000 units at a price of $0.05 per unit, with proceeds aimed at general corporate purposes and working capital [1][2]. Group 1: Private Placement Details - The offering consists of units, each comprising 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]. - The private placement is subject to approval by the TSX Venture Exchange, and all shares issued will have a statutory hold period of four months and one day [2]. - No finder's fees will be paid in connection with the private placement [2]. Group 2: Insider Participation - An insider, John Lee, is expected to subscribe for up to 4,000,000 units, contributing $200,000 to the gross proceeds [3]. - The transaction with the insider is classified as a related party transaction, and the company will rely on exemptions from formal valuation and minority shareholder approval requirements [3]. - The insider's participation does not exceed 25% of the company's market capitalization, and the company is not aware of any undisclosed material information [3]. Group 3: Company Overview - Oracle Commodity Holding Corp. operates as a mining royalty company, holding royalties on various precious metal and critical mineral mining projects [4].