Mar 14, 2024
Do you ever wonder where exactly your press release goes? Well, you’re not alone. Many people wonder how press release distribution...
Oracle Commodity Holding Corp. Lists on TSX-V Effective April 5, 2024
April 03, 2024 8:30 AM EDT | Source: Oracle Commodity Holding Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2024) - Oracle Commodity Holding Corp. ("Oracle" or the "Company") is pleased to announce that it has received final approval from the TSX Venture Exchange ("TSX-V") to list its common shares ("Common Shares") as a Tier 2 investment issuer. Trading will commence under the symbol "ORCL" on April 5, 2024.
A total of 55,239,617 securities (the "Escrowed Securities") held by directors, senior officers and holders of 10% or more of the outstanding Common Shares are subject to a Tier 2 Value Security Escrow Agreement in accordance with the policies of the TSX-V, as follows:
| Holder and Title, or Relationship to the Company | Securities Subject to Escrow | |||
| Common Shares | Warrants | Options | Total Securities | |
| Anthony Garson, CEO and Director | 296,087 | - | 450,000(3) | 746,087 |
| John Lee, Chairman and Director | 5,330,080(1) | 3,620,000(2) | 3,800,000(3) | 12,750,080 |
| Harald Batista, Director | 1,213,340 | - | 300,000(3) | 1,513,340 |
| William Pincus, Director | - | - | 300,000(4) | 300,000 |
| Andrew Yau, CFO | - | - | 800,000(3) | 800,000 |
| Jenna Virk, CLO | - | - | 300,000(3) | 300,000 |
| Marion McGrath, Corporate Secretary | - | - | 100,000(3) | 100,000 |
| Silver Elephant Mining Corp., Holder of 10% or more of the Common Shares | 35,230,110 | 3,500,000 | - | 38,730,110 |
Notes:
(1) Of which 56,862 Common Shares are held indirectly by Merit Holdings Ltd., a corporation over which Mr. Lee exercises direction and control.
(2) Each warrant is exercisable to acquire one additional Common Share at a price of $0.06 per share until March 28, 2027.
(3) Each option is exercisable to acquire one additional Common Share at a price of $0.05 per share until December 4, 2028.
(4) Each option is exercisable to acquire one additional Common Share at a price of $0.05 per share until February 1, 2029.
The Escrowed Securities are subject to a timed release schedule of 10% on April 5, 2024, followed by 15% releases every six months thereafter until April 5, 2027.
There are 98,349,527 Common Shares outstanding as of the date of this news release. A copy of the Company's TSX-V listing application is available under its SEDAR+ profile at www.sedarplus.ca.
About Oracle Commodity Holding Corp.
Oracle Commodity Holding Corp. is a Canadian reporting issuer, holding certain interests in other mining companies.
Further information on Oracle Commodity can be found at www.oracleholding.com.
ORACLE COMMODITY HOLDING CORP.
ON BEHALF OF THE BOARD
"Anthony Garson"
CEO
For more information about Oracle Commodity, please contact:
Email: info@oracleholding.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204085