Oracle Commodity Holding Announces a $250,000 Private Placement
Rhea-AI Summary
Oracle Commodity Holding (OTCQB: ORLCF) announced a non-brokered private placement of up to 5,000,000 Units at $0.05 per Unit to raise gross proceeds of $250,000, subject to TSX Venture Exchange approval. Each Unit includes one share and one warrant exercisable at $0.06 for three years.
The company said proceeds will fund general corporate purposes and working capital. An insider, John Lee, may subscribe for up to 4,000,000 Units ($200,000); the company intends to rely on MI 61-101 exemptions and says the placement will not create a new control person.
Positive
- $250,000 gross proceeds for working capital
- Insider participation of $200,000 signals internal support
- Warrants exercisable at $0.06 for three years
Negative
- Potential dilution from 5,000,000 Units plus warrant exercises
- Related-party participation requires reliance on MI 61-101 exemptions
- Private Placement subject to TSXV approval
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2026) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") announces that it intends to complete a non-brokered private placement financing (the "Offering") of up to 5,000,000 units (the "Units"), at a price of
The Private Placement is subject to TSX Venture Exchange approval. All Shares issued pursuant to the Private Placement and any Shares issued upon exercise of the Warrants will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
No finder's fees are payable in connection with the Private Placement.
It is anticipated that an insider of the Company, John Lee (the "Insider"), will subscribe for up to 4,000,000 Units for gross proceeds of
About Oracle Commodity Holding Corp.
Oracle Commodity Holding Corp. is a mining royalty company holding royalties on several precious metal and critical mineral mining projects.
Further information on Oracle Commodity can be found at www.oracleholding.com.
ORACLE COMMODITY HOLDING CORP.
ON BEHALF OF THE BOARD
"Jason Powell"
CEO
For more information about Oracle Commodity, please contact:
Tel: 604.569.3661
Email: info@oracleholding.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding Oracle's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.
Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions and investor sentiment; changes in business plans; ability to secure sufficient financing to advance the Company's investment business; and general market and economic conditions. Additional risk factors are set out in the Company's latest annual and interim management's discussion and analysis, available on SEDAR at www.sedarplus.ca.
Forward-looking statements are based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking statements included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking statements in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288313
FAQ
What is Oracle Commodity Holding (ORLCF) raising in the March 12, 2026 private placement?
How many Units and what are the terms of the warrants in Oracle's (ORLCF) offering?
Will an insider participate in Oracle's (ORLCF) $250,000 private placement?
What shareholder restrictions apply to shares issued in Oracle's (ORLCF) private placement?
Does Oracle Commodity Holding (ORLCF) need exchange approval for the private placement?
How might the private placement affect ORLCF shareholders?