Core Viewpoint - Oracle Commodity Holding Corp. has successfully closed the first tranche of its non-brokered private placement, raising $136,000 through the sale of 2,720,000 units at a price of $0.05 per unit [1] Group 1: Private Placement Details - The first tranche of the private placement raised $136,000 by selling 2,720,000 units, each consisting of one common share and one warrant [1] - Each warrant allows the holder to purchase an additional share at a price of $0.06 for three years from issuance [1] - A director of the company participated in the private placement, acquiring 1,220,000 units, which is classified as a related party transaction [2] - The company will file a material change report regarding the related party transaction and the insider may increase their subscription up to 4,500,000 units for gross proceeds of up to $225,000, pending regulatory approval [2] Group 2: Use of Proceeds and Regulatory Aspects - Proceeds from the private placement are intended for working capital and general corporate purposes [3] - The securities issued will be subject to a regulatory hold period of four months and one day [3] - The second and final tranche of the private placement is expected to close around April 10, 2026, subject to regulatory approval [3][4] Group 3: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [5]
Oracle Commodity Holding Closes First Tranche of Non-Brokered Private Placement for Gross Proceeds of $136,000