Mr. Jason Powell reports
ORACLE COMMODITY HOLDING CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $136,000
Further to the news releases dated March 12, 2026, and March 13, 2026, Oracle Commodity Holding Corp. has closed the first tranche of its non-brokered private placement, raising $136,000 through the sale of 2.72 million units at a price of five cents per unit. Each unit consists of one common share of the company and one transferable common share purchase warrant with each warrant entitling the holder to purchase one additional share at a price of six cents per share for a period of three years from issuance.
A director of the company participated in the private placement for an aggregate total of 1.22 million units, which participation constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the insider participation in the private placement did not exceed 25 per cent of the fair market value of the company's market capitalization. The company will file a material change report in respect of the related-party transaction. The insider may increase its subscription in the private placement, subject to regulatory approval, for an aggregate of up to 4.5 million units for gross proceeds of up to $225,000.
Proceeds of the private placement are expected to be used for working capital and general corporate purposes. The securities issued pursuant to the private placement will be subject to a regulatory four-month-and-one-day hold period. No finders' fees were paid in connection with the private placement. The second and final tranche of the private placement is expected, subject to regulatory approval, to close on or around April 10, 2026.
The private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
About Oracle Commodity Holding Corp.
Oracle Commodity is a mining royalty company holding royalties on several precious metal and critical mineral mining projects.
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