Oracle Commodity increases private placement to $300,000

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) announced it has increased the size of its non-brokered private placement to up to 6,000,000 units at $0.05 per unit for gross proceeds of up to $300,000.

Each unit consists of one common share and one transferable warrant. The warrants allow holders to purchase additional common shares at $0.06 each for three years from issuance. The company plans to use proceeds for general corporate purposes and working capital.

Company insider John Lee will subscribe for up to 4,000,000 units representing $200,000 of the total placement. The transaction qualifies as a related party transaction under securities regulations but falls within exemption thresholds as it does not exceed 25% of the company's market capitalization.

The private placement requires approval from the TSX Venture Exchange. All shares issued will be subject to a four-month and one-day hold period under securities laws and exchange policies. No finder's fees are payable in connection with the placement.

Oracle Commodity operates as a mining royalty company with holdings in precious metal and critical mineral mining projects. The company previously announced this private placement on March 12, 2026, according to the press release statement.

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