Oracle Commodity Holding increases private placement to $262,500
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +28.1%
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Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) announced it has increased its non-brokered private placement financing from 7,000,000 units to 7,500,000 units, raising potential gross proceeds from $245,000 to $262,500.
The company priced each unit at $0.035, with each unit consisting of one common share and one transferable warrant. The warrants allow holders to purchase additional shares at $0.06 for three years from issuance.
Company insiders will subscribe for up to 1,750,000 units, representing gross proceeds of up to $61,250. This insider participation constitutes a related party transaction under Multilateral Instrument 61-101, though the company relies on exemptions as insider participation will not exceed 25% of the company's market capitalization fair value.
Finder's fees of up to 7% will be paid in finder's units, each containing one share and one non-transferable warrant exercisable at $0.06 for three years.
Oracle plans to use net proceeds for general corporate purposes and to pay cash consideration for acquiring a 2% royalty from U.S. Fluorspar LLC over certain fluorspar projects, as announced in an August 11, 2025 news release.
The offering requires regulatory approvals including from the TSX Venture Exchange. Units will be issued under prospectus exemptions and subject to a four-month statutory hold period.
Oracle Commodity Holding operates as a mining royalty company with royalties on precious metal and critical mineral mining projects.
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