Oracle Commodity Secures Funds Through Private Placement

Oracle Commodity Holding Corp. (TSE:ORCL) has released an update.

Oracle Commodity Holding Corp. successfully completed a non-brokered private placement, raising $548,350 by offering 4,985,000 units at $0.11 each. The funds are earmarked for working capital and general corporate purposes, with a portion of the units allocated as Finder’s Fees to financial firms. Notably, significant subscriptions were made by a company director and a major insider, both deemed related party transactions under securities regulations.

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