Mr. Loren Currie reports
ORACLE TO SETTLE $400,000 OF
DEBT FOR $0.05 UNITS
Oracle Energy Corp. intends to settle $400,000 of debt by issuing eight million five-cent units
to various creditors. Each unit comprises one common share of the
company and one common share purchase warrant, with each full warrant being exercisable at
10 cents for 12 months from the date of issue.
The debt settlement is subject to approval by the NEX board of the TSX Venture Exchange and all securities
issued pursuant to the debt settlement will be subject to a four-month hold period.
About Oracle Energy Corp.
Oracle Energy is classified an oil and gas development company on the TSX-V.
We seek Safe Harbor.
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