Oracle Commodity Holding Expands Private Placement to $300,000

Oracle Commodity Holding Corp. ( (TSE:ORCL) ) just unveiled an update.

Oracle Commodity Holding Corp., a mining royalty company focused on precious metal and critical mineral projects, has expanded its non-brokered private placement financing to raise up to $300,000 through the issuance of as many as 6,000,000 units priced at $0.05 per unit. Each unit comprises one common share and one transferable warrant exercisable at $0.06 for three years, with proceeds earmarked for general corporate purposes and working capital.

The financing remains subject to TSX Venture Exchange approval, with all securities issued carrying a four-month-plus-one-day hold period under applicable securities laws, and no finder’s fees will be paid. Insider John Lee is expected to subscribe for up to 4,000,000 units, or $200,000 of the offering, a related-party transaction that the company says falls within exemptions to formal valuation and minority approval rules, and management indicates the deal will not create a new control person or rely on undisclosed material information.

More about Oracle Commodity Holding Corp.

Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects, providing investors with exposure to underlying resource development without directly operating mines.

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Technical Sentiment Signal: Sell

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