Oracle Commodity raises $164,000 in final tranche of private placement

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) completed the second and final tranche of its non-brokered private placement, raising $164,000 through the sale of 3.28 million units at $0.05 per unit.

Each unit consists of one common share and one transferable warrant allowing the holder to purchase an additional share at $0.06 for three years from issuance. Combined with the first tranche that closed March 25, 2026, the company raised total gross proceeds of $300,000.

Company director John Lee participated in the private placement, purchasing 3.28 million units in the second tranche and 4.5 million units in total. This constitutes a related party transaction under Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority shareholder approval requirements because Lee's participation did not exceed 25% of the company's market capitalization fair value.

Oracle plans to use proceeds for working capital and general corporate purposes. The securities are subject to a four-month and one-day regulatory hold period. No finder's fees were paid in connection with the private placement.

The transaction requires certain approvals, including approval from the TSX Venture Exchange. Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on precious metal and critical mineral mining projects.

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