Oracle Commodity Holding Corp. announced a private placement to issue 3,500,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of CAD 175,000 on March 28, 2024. The transaction will include participation from returning investor, Silver Elephant Mining Corp.

Each unit will consist of one common share of the company and one share purchase warrant with each whole warrant entitling the holder to purchase one additional share of the Company at a price of CAD 0.06 per share for 3 years from the date of issue. It is presently owns directly or indirectly, a total of 35,230,110 Oracle common shares, representing 35.82% of the issued and outstanding Oracle shares, and 3,500,000 Oracle warrants. The transaction received conditional approval from the TSX Venture Exchange.