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Oracle Commodity Issues Shares for Salaries to Align Management and Shareholder Interests
ORCLOracle(ORCL) Newsfile·2025-02-21 21:30

Core Points - Oracle Commodity Holding Corp. issued a total of 84,594 common shares under a Consulting Agreement with Bayer Law Corporation, effective October 2, 2024, in lieu of 15% of Mr. Bayer's salary [1][2] - The total amount for the shares issued under the Consulting Agreement is CAD2,500,withindividualissuancesrangingfromCAD2,500, with individual issuances ranging from CAD625 to CAD625atdeemedpricespersharebetweenCAD625 at deemed prices per share between CAD0.0225 and CAD0.04125[2]−TheissuanceofshareshasnotresultedinthecreationofanewControlPersonwithinthecompany[3]−Thecompanyclarifieddetailsregardingaprivateplacementtransaction,issuing147,750UnitsasFinder′sFees,witheachUnitconsistingofonecommonshareandonesharepurchasewarrantpricedatCAD0.04125 [2] - The issuance of shares has not resulted in the creation of a new Control Person within the company [3] - The company clarified details regarding a private placement transaction, issuing 147,750 Units as Finder's Fees, with each Unit consisting of one common share and one share purchase warrant priced at CAD0.15 per share until June 12, 2027 [4] - Oracle Commodity Holding Corp. is a mining royalty company that was spun out from Silver Elephant Mining Corp. in 2022 [5]