07:21:31 EST Thu 27 Nov 2025
Enter Symbol
or Name
USA
CA



Oracle Energy Corp (4)
Symbol OEC
Shares Issued 35,397,847
Close 2025-11-26 C$ 0.115
Market Cap C$ 4,070,752
Recent Sedar Documents

Oracle Energy settles debt, arranges financing

2025-11-26 18:33 ET - News Release

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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