Oracle Commodity Hldg Corp Stock Price, News & Analysis

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) has announced several share issuances and clarifications regarding previous transactions. The company has issued 84,594 shares since November 1, 2024, as part of a Consulting Agreement with Bayer Law , representing 15% of Mr. Bayer's salary compensation.

Additionally, Oracle clarified details about its June 13, 2024 private placement, revealing that 147,750 Units were issued as Finder's Fees, with Canaccord Genuity Corp. receiving 134,750 Units and Research Capital Corp. receiving 14,000 Units. Each Unit includes one common share and one warrant, with warrants exercisable at $0.15 per Share until June 12, 2027. All securities issued are subject to a four-month regulatory hold period, and the company confirmed these issuances have not created a new Control Person.

Oracle Commodity Holding Corp (TSXV: ORCL) (OTCQB: ORLCF) has announced the approval of 500,000 incentive stock options to a consultant. The options are priced at $0.05 per share and will expire on November 19, 2029. The vesting schedule is set at 12.5% quarterly over two years, beginning February 19, 2025. These options are granted under the company's 10% rolling stock option plan and must comply with TSX-V requirements.

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) has appointed Alex Bayer as its Chief Legal Officer, effective October 2, 2024. Bayer, a corporate securities lawyer with over 15 years of experience in the mining sector, will lead all legal matters for the company. The board has granted Bayer 200,000 stock options at an exercise price of $0.085, vesting quarterly over two years and expiring on October 2, 2029.

Bayer has agreed to accrue $625 of his monthly consulting fee, which will convert into common shares at a discounted market price, subject to TSX Venture Exchange approval. Additionally, Oracle has appointed Sara Knappe as Corporate Secretary, replacing Marion McGrath.

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB:ORLCF) has filed an early warning report regarding its increased stake in Flying Nickel Mining Corp. (FLYNF). Through a statutory plan of arrangement with Nevada Vanadium Mining Corp., Oracle acquired 33,957,143 common shares of Flying Nickel, valued at approximately $2,037,429. This acquisition boosted Oracle's ownership to 42,799,502 shares and 1,737,587 warrants, representing about 28.93% of Flying Nickel's shares on a partially diluted basis. Previously, Oracle held 10.04% of Flying Nickel's outstanding shares. Oracle states its investment is long-term but reserves the right to adjust its position based on market conditions and other factors.

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) has announced a debt settlement agreement with a company director. The agreement involves settling $10,000 of debt owed for management fees through the issuance of 105,263 common shares at a deemed price of $0.095 per share.

This insider debt settlement is exempt from valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the fair market value of the securities to be issued does not exceed 25% of the company's market capitalization. The issued shares will be subject to a four-month statutory hold period.

On July 8, 2024, Oracle Commodity Holding Corp. (TSXV: ORCL, OTCQB: ORLCF) announced an upgrade of its common shares quotation to the OTCQB market in the United States. This upgrade, effective immediately, is part of Oracle's efforts to enhance market visibility and expand its investor base. Investors can access quotes and current financial disclosures for Oracle on the OTC Markets website.

Oracle Commodity Holding Corp. (TSXV: ORCL, OTC Pink: ORLCF) has closed a non-brokered private placement, raising $548,350 through the issuance of 4,985,000 units at $0.11 per unit. Each unit includes one common share and one share purchase warrant, allowing the purchase of an additional share at $0.15 until June 12, 2027. Finder's Fees were paid to Canaccord Genuity Corp. and Research Capital Corp. Proceeds will be used for working capital and general corporate purposes. Notably, Director John Lee and Silver Elephant Mining Corp, an insider, subscribed significantly, triggering related party transaction protocols under MI 61-101. The issued securities will be under a regulatory hold until October 13, 2024.

Oracle Commodity Holding Corp has commenced trading its common shares on the US OTCPK under the symbol ORLCF. This move is part of the company's strategy to expand its investor base in the US market. Additionally, Oracle is in the process of applying to upgrade its listing to the OTCQB tier, which offers greater transparency and exposure. Investors can find quotes and current financial disclosures on the OTC Markets website.