ORACLE FILES FOR APPROVAL TO
CLOSE PRIVATE PLACEMENT FINANCING
Vancouver, British Columbia - October 22, 2024. Oracle Energy Corp. (NEX: OEC.H,) ("Oracle" or the "Company") announces that it has filed documents with the NEX Board of the TSX Venture Exchange (the "Exchange") seeking final approval to close its non-brokered $0.06 unit (the "Units") private placement financing (the "Financing") for aggregate gross proceeds of up to $264,000.
Each Unit is comprised of one (1) common share of the Company and one half (1/2) of a common share purchase warrant (the "Warrants"), each full Warrant being exercisable at $0.10 for 12 months from the date of issue.
On receipt of Exchange approval, the Company will issue up to 4,400,000 common shares and 2,200,000 common share purchase warrants.
In connection with the Financing the Company is paying finders fees in cash and warrants in accordance with Exchange policies.
Proceeds of the Financing will be used for general working capital purposes.
All securities issued pursuant to the Financing are subject to a 4 month hold period.
ON BEHALF OF THE BOARD OF DIRECTORS.
Loren Currie, Director
About Oracle Energy Corp.
Oracle Energy Corp. is classified an oil and gas development company on the TSX Venture Exchange.
For further information, please contact:
Loren Currie
Director
Phone: 604-558-0976
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward- looking statements in this release are made pursuant to the 'safe harbour' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
Phone: 604.558.0976 | info@oracleenergy.com | www.oracleenergy.com |