Oracle Commodity completes first tranche of private placement for $136,000

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) closed the first tranche of its non-brokered private placement, raising $136,000 through the sale of 2,720,000 units at $0.05 per unit.

Each unit consists of one common share and one warrant, with each warrant allowing the holder to purchase an additional share at $0.06 for three years from issuance.

A company director participated in the private placement for 1,220,000 units, constituting a related party transaction under Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority shareholder approval requirements since the insider participation did not exceed 25% of the company's market capitalization fair value. The director may increase their subscription to up to 4,500,000 units for gross proceeds of up to $225,000, subject to regulatory approval.

The Vancouver-based mining royalty company stated proceeds will be used for working capital and general corporate purposes. The issued securities are subject to a four-month and one-day regulatory hold period, with no finder's fees paid.

The second and final tranche of the private placement is expected to close around April 10, 2026, subject to regulatory approval including TSX Venture Exchange approval.

Oracle Commodity Holding Corp. holds royalties on precious metal and critical mineral mining projects.

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