Oracle Energy Corp. announced a non-brokered private placement to issue 6,250,000 at a price of CAD 0.08 per unit for aggregate gross proceeds of up to CAD 500,000 on August 1, 2023. Each unit will be comprised of one common share and one common share purchase warrant, with each warrant being exercisable for an additional common share at CAD 0.12 for 12 months.

In connection with the financing the company may pay finders fees in accordance with the policies of the NEX Board of the TSX Venture Exchange. All securities issued pursuant to the financing will be subject to a 4 month hold period. The issuance of the units and payment of any finder's fees are subject to the receipt of all regulatory approvals.