Oracle Commodity Announces Debt Settlement of $10,000 in Shares
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) has announced a debt settlement agreement with a company director. The agreement involves settling $10,000 of debt owed for management fees through the issuance of 105,263 common shares at a deemed price of $0.095 per share.
This insider debt settlement is exempt from valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the fair market value of the securities to be issued does not exceed 25% of the company's market capitalization. The issued shares will be subject to a four-month statutory hold period.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ha annunciato un accordo di liquidazione del debito con un direttore della società. L'accordo prevede la liquidazione di $10,000 di debito dovuto per compensi di gestione tramite l'emissione di 105,263 azioni ordinarie a un prezzo ritenuto di $0.095 per azione.
Questa liquidazione del debito da parte di un insider è esente dai requisiti di valutazione e approvazione da parte degli azionisti di minoranza ai sensi dell'Instrumento Multilaterale 61-101, poiché il valore di mercato equo dei titoli da emettere non supera il 25% della capitalizzazione di mercato della società. Le azioni emesse saranno soggette a un periodo di blocco statutario di quattro mesi.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ha anunciado un acuerdo de liquidación de deuda con un director de la compañía. El acuerdo implica la liquidación de $10,000 en deuda adeudados por honorarios de gestión a través de la emisión de 105,263 acciones comunes a un precio considerado de $0.095 por acción.
Este acuerdo de liquidación de deuda por parte de un insider está exento de los requisitos de valoración y aprobación de los accionistas minoritarios bajo el Instrumento Multilateral 61-101, ya que el valor de mercado justo de los valores a emitir no excede el 25% de la capitalización de mercado de la empresa. Las acciones emitidas estarán sujetas a un período de retención legal de cuatro meses.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF)는 회사 이사와 채무 정산 계약을 발표했습니다. 이 계약은 $10,000의 채무를 경영 수수료로 정산하는 것으로, 105,263주의 보통주를 주당 $0.095로 발행하는 방식으로 이루어집니다.
이 내부자 채무 정산은 다자간 유인스트루멘트 61-101에 따라 가치 평가 및 소액 주주 승인 요건에서 면제되며, 발행될 증권의 공정 시장 가치는 회사의 시장 자본금의 25%를 초과하지 않습니다. 발행된 주식은 4개월의 법적 보유 기간에 적용됩니다.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) a annoncé un accord de règlement de la dette avec un directeur de l'entreprise. Cet accord implique le règlement de $10,000 de dette due pour des frais de gestion par l'émission de 105,263 actions ordinaires à un prix jugé de $0.095 par action.
Ce règlement de dette d'un initié est exempt des exigences d'évaluation et d'approbation des actionnaires minoritaires en vertu de l'Instrument Multilatéral 61-101, car la juste valeur marchande des titres à émettre ne dépasse pas 25 % de la capitalisation boursière de l'entreprise. Les actions émises seront soumises à un période de blocage statutaire de quatre mois.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) hat eine Schuldenregelungsvereinbarung mit einem Unternehmensdirektor bekannt gegeben. Die Vereinbarung beinhaltet die Begleichung von $10,000 Schulden, die für Verwaltungsgebühren geschuldet werden, durch die Ausgabe von 105,263 Stammaktien zu einem festgelegten Preis von $0.095 pro Aktie.
Diese Schuldenregelung von Unternehmensinsidern ist gemäß dem Multilateralen Instrument 61-101 von Bewertungs- und Genehmigungsanforderungen für Minderheitsaktionäre befreit, da der Marktwert der auszugebenden Wertpapiere 25% der Marktkapitalisierung des Unternehmens nicht überschreitet. Die ausgegebenen Aktien unterliegen einer viermonatigen gesetzlichen Haltedauer.
- Reduction of $10,000 in debt obligations
- Preservation of cash through share-based debt settlement
- Potential dilution of existing shareholders' ownership
- Issuance of shares at a relatively low price of $0.095 per share
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2024) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") announces that it has entered into an agreement to settle
The insider debt settlement of
About Oracle Commodity Holding Corp.
Oracle Commodity Holding Corp. is a mining royalty company spun out from Silver Elephant Mining Corp. (TSX: ELEF) in 2022.
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217117
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