Oracle Commodity Holding Increases Non-Brokered Private Placement to $300,000

Core Viewpoint - Oracle Commodity Holding Corp. has announced an increase in its non-brokered private placement financing to a total of 6,000,000 units at a price of $0.05 per unit, aiming for gross proceeds of up to $300,000, pending approval from the TSX Venture Exchange [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one transferable common share purchase warrant, with the warrant allowing the holder to acquire an additional common share at an exercise price of $0.06 for three years [1]. - The gross proceeds from the private placement will be utilized for general corporate purposes and ongoing working capital [1]. Group 2: Insider Participation - An insider, John Lee, is expected to subscribe for up to 4,000,000 units, contributing gross proceeds of $200,000 [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 as the insider's participation does not exceed 25% of the company's market capitalization [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].