|Fri Dec 13, 2013|
Oracle Energy Completes Tranche 1 of Private Placement
|December 13, 2013 - Oracle Energy Corp. ("the Company") (OCL-TSX.V)(O2E-Frankfurt) announces that further to a TSX Exchange bulletin of November 29, 2013, the Company has completed tranche one of a non-brokered private placement of 5,211,000 units of at $0.10 per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one share purchase warrant. Each whole Warrant is exercisable into one common share in the capital of the Company at an exercise price of $0.15 per Warrant until December 9, 2016. |
Insiders of the Company subscribed for 4,330,000 units of this tranche.
The shares issued and any shares issued upon the exercise of warrants from this private placement have a hold period from trading until April 10, 2014.
ON BEHALF OF THE BOARD
Nasim Tyab, Chairman and CEO
Oracle Energy Corp.
Neither 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.