Oracle Commodity Holding Increases Non-Brokered Private Placement to $280,000
Rhea-AI Summary
Oracle Commodity Holding (OTCQB: ORLCF) upsized a non-brokered private placement to 8,000,000 Units at $0.035 per Unit, increasing potential gross proceeds to $280,000. Each Unit comprises one common share and one warrant exercisable at $0.06 for three years.
Company insiders may subscribe for up to 1,750,000 Units (up to $61,250); this will be treated as a related party transaction with reliance on MI 61-101 exemptions. The offering relies on the TSX Venture minimum price exemption, requires TSXV approval, and units carry a statutory hold period of four months and one day. Net proceeds will fund general corporate purposes and payment for a 2% fluorspar royalty.
Positive
- Gross proceeds increased to $280,000
- Net proceeds allocated to pay a 2% fluorspar royalty
Negative
- Issuance of 8,000,000 Units will dilute existing shareholders
- Insiders subscribing 1,750,000 Units ($61,250) creates a related‑party transaction
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") announces that to due to ongoing high demand, it has further upsized the non-brokered private placement financing (the "Offering") from 7,500,000 units (the "Units") at a price of
A Finder's fees of up to
Company insiders will be subscribing for up to 1,750,000 Units for gross proceeds of up to
The Company is relying on the TSX Venture Exchange's minimum price exemption and anticipates closing of the Offering as soon as practicable. Closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. The Units will be issued on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws and will be subject to a statutory hold period of four months and one day from the date of issuance.
The Company intends to use the net proceeds of the Offering for general corporate purposes and for the payment of the cash consideration (the "Fluorspar NSR Consideration") for the acquisition of a
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 Holding Corp. 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
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/269882