News Releases

 Tue Feb 26, 2013
Oracle Energy Completes Tranche 1 of Private Placement

 February 26, 2013 - Oracle Energy Corp. ("Oracle") (OCL-TSX.V)(O2E-Frankfurt) announces that further to a news release of December 3, 2012,, the Company has completed tranche one of a non-brokered private placement (the "Offering") of 6,343,992 units of the Company (the "Units") at $0.125 per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one share purchase warrant of the Company (each, a "Warrant"). Each whole Warrant is exercisable into one common share in the capital of the Company (each, a "Warrant Share") at an exercise price of $0.20 per Warrant Share for a period of 24 months from the closing date of the Offering (the "Closing Date").

The shares issued and any shares issued upon the exercise of warrants from this private placement have a hold period from trading until June 22, 2013.

Finders' fees of $35,125.00 in cash were paid and as well as 541,000 agent's warrants exercisable on the same terms as the private placement.

ON BEHALF OF THE BOARD

"Nasim Tyab"

Nasim Tyab
Chief Executive Officer


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
 

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