Oracle Commodity Issues Shares for Salaries to Align Management and Shareholder Interests

Rhea-AI Summary

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.

Positive

• Alignment of management interests with shareholders through share-based compensation
• Successful completion of private placement with established financial institutions

Negative

• Dilution of existing shareholders through new share issuances
• Additional dilution potential from warrant exercise at $0.15 per share

Vancouver, British Columbia--(Newsfile Corp. - February 21, 2025) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") announces that the following Oracle common shares were issued pursuant to a Consulting Agreement with Bayer Law Corporation effective October 2, 2024 and detailed in the news release dated October 3, 2024 (the "Consulting Agreement").

Since November 1, 2024, a total of 84,594 shares have been issued under the Consulting Agreement in lieu of 15% of Mr. Bayer's salary.

The table below sets out each individual issuance:

Name of Officer	Date of Issuance	Number of Shares	CAD$ Amount	Deemed Price per Share
Alex Bayer (Bayer Law Corporation)	November 1, 2024	15,150	$625.00	$0.04125
Alex Bayer (Bayer Law Corporation)	December 2, 2024	20,833	$625.00	$0.03
Alex Bayer (Bayer Law Corporation)	January 2, 2025	27,778	$625.00	$0.0225
Alex Bayer (Bayer Law Corporation)	February 3, 2025	20,833	$625.00	$0.03
TOTAL:		84,594	$2500.00

 

Securities issued pursuant to the Shares for Services Agreements are subject to regulatory four month hold periods.

The Company confirms that these issuances of shares have not resulted in the creation of a new Control Person.

The Company would also like to clarify certain details from its press release dated June 13, 2024 regarding its private placement transaction. The Company issued 147,750 Units in connection with this Private Placement as Finder's Fees to Canaccord Genuity Corp. (as to 134,750 Units) and Research Capital Corp. (as to 14,000 Units). Each Unit consists of one common share of the Company (a "Share") and one share purchase warrant (the "Warrant") with each Warrant entitling the holder to purchase one additional Share at a price of $0.15 per Share until June 12, 2027.

About Oracle Commodity Holding Corp.

Oracle Commodity Holding Corp. is a mining royalty company spun out from Silver Elephant Mining Corp. (TSX: ELEF) in 2022.

Further information on Oracle Commodity can be found at www.oracleholding.com.

ORACLE COMMODITY HOLDING CORP.

ON BEHALF OF THE BOARD

"Anthony Garson"
CEO

For more information about Oracle, please contact:

Email: info@oracleholding.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241848

FAQ

How many shares did Oracle Commodity (ORLCF) issue for consulting services in 2024?

Oracle Commodity issued 84,594 shares since November 1, 2024, as part of a Consulting Agreement with Bayer Law , representing 15% of Mr. Bayer's salary.

What are the terms of Oracle Commodity's (ORLCF) June 2024 private placement finder's fees?

Oracle issued 147,750 Units as Finder's Fees, with each Unit containing one common share and one warrant exercisable at $0.15 until June 12, 2027.

How long is the hold period for Oracle Commodity's (ORLCF) newly issued shares?

The securities issued are subject to a regulatory four-month hold period.

Will Oracle Commodity's (ORLCF) recent share issuances create a new Control Person?

No, the company confirmed that these share issuances have not resulted in the creation of a new Control Person.