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Oracle Commodity Holding Announces a $100,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Oracle Commodity Holding Corp...
About this update from Oracle Commodity Holding Corp.
[{"type":"text","content":"Oracle Commodity Holding Announces a $100,000 Private PlacementVancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) (\"Oracle\" or the \"Company\") announces that it proposes to undertake a non-brokered private placement financing (the \"Offering\") to raise gross proceeds of up to $100,000 through the sale of up to 2,000,000 units (the \"Units\") at a price of $0.05 per Unit. Each Unit consists of one common share of the Company (each, a \"Share\") and one transferable common share purchase warrant (each, a \"Warrant\") entitling the holder to purchase one additional common share of the Company at an exercise price of $0.06 for a period of three years from issuance.A director of the Company (the \"Insider\") will be subscribing for up to 1,000,000 Units for gross proceeds of up to $50,000. The issuance of Units to the Insider will be considered a \"related party transaction\" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the \"related-party transactions\" under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired by the participating Insider nor the consideration to be paid by such Insider is anticipated to exceed 25 percent of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction.The Company may elect to pay finder's units (the \"Finder's Units\") to certain finders. Each Finder's Unit will consist of one Share and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.06 per share for three years.The Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering, including any Finder's Units, will have a hold period of four months and one day from the Closing Date, in accordance with applicable securities laws.The Company intends to use the net proceeds ...