Mr. Loren Currie reports
ORACLE SETTLES $347,000 OF DEBT
ISSUES 4,333,333 $0.06 SHARES AND 1,450,000 $0.06 UNITS,
ANNOUNCES $500,000 PRIVATE PLACEMENT FINANCING
Oracle Energy Corp., further to its Nov. 5, 2025, news release, has received
approval from the NEX board of the TSX venture Exchange to settle $347,000 of debt,
issuing 4,333,333 common shares at six cents and 1.45 million units at six cents, each unit consisting of one common share
of the company and one common share purchase warrant, each warrant being exercisable at 10 cents for 12
months from the date of issue.
An officer of the company is settling $80,000 of debt, that portion of the share-for-debt settlement being a related
party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special
Transactions. The company is exempt from the formal valuation and minority shareholder approval
requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), respectively, as the fair market value of the
subject matter of the transaction does not exceed 25 per cent of the company's market capitalization.
All securities issued pursuant to the debt settlement are subject to a statutory hold period of four months and
one day from the date of issue.
The company is also pleased to announce that it has arranged a non-brokered private placement financing
for gross proceeds of up to $500,000. The financing will consist of up to five million units at 10 cents, each unit consisting of one common share of the company and one common share purchase
warrant, each warrant being exercisable for an additional common share of the company at
20 cents for 12 months from the date of issue.
The company intends to use the proceeds of the financing for general working capital purposes.
About Oracle Energy Corp.
Oracle Energy is classified an oil and gas development company on the TSX Venture Exchange.
We seek Safe Harbor.
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