Oracle Commodity Holding Closes Second and Final Tranche of Non-Brokered Private Placement
Rhea-AI Summary
Oracle Commodity Holding (OTCQB: ORLCF) closed the second and final tranche of a non-brokered private placement on April 6, 2026, raising $164,000 from 3,280,000 units at $0.05 per unit and bringing total gross proceeds to $300,000.
Each unit includes one share and one warrant exercisable at $0.06 for three years. Director John Lee participated for an aggregate of 4,500,000 units; the company relied on MI 61-101 exemptions and will file a material change report. Proceeds are for working capital; securities carry a four-month-and-one-day hold and TSXV approval is required.
Positive
- Total gross proceeds of $300,000 raised across two tranches
- Second tranche raised $164,000 via 3,280,000 units at $0.05
- Warrants exercisable at $0.06 for three years provide potential funding if exercised
Negative
- Issuance of 3,280,000 units and additional warrants causes shareholder dilution
- Related party participation by director John Lee creates a material related party transaction
- Company relied on MI 61-101 exemptions instead of minority shareholder approval
News Market Reaction – ORLCF
On the day this news was published, ORLCF declined 7.14%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2026) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") announces that, further to its news releases dated March 12, 2026, March 13, 2026 and March 25, 2026, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement"). The Company raised
John Lee, a director of the Company (the "Insider") participated in the Private Placement for 3,280,000 Units in the second tranche and an aggregate of 4,500,000 Units, which constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the Insider's participation in the Private Placement did not exceed
Proceeds of the Private Placement are expected to be used for working capital and general corporate purposes. The securities issued pursuant to the Private Placement will be subject to a regulatory four-month and one-day hold period. No finder's fees were paid in connection with the Private Placement.
The Private Placement is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
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/291340