Vancouver, British Columbia, May 21, 2024 – Oracle Commodity Holding Corp. (“Oracle”) announces that it has disposed of 5,500,000 common shares of Flying Nickel Mining Corp. (“Flying Nickel”) through a private sale. The disposition represents 31.87% of the common shares in Flying Nickel (“Flying Nickel Shares”) held by Oracle (the “Disposition”).
The deemed value of the disposition was $0.145 per share for a total deemed value of $797,500.
Immediately prior to the Disposition, Oracle held 17,258,645 Flying Nickel Shares, representing in total approximately 19.6% of the outstanding Flying Nickel Shares. Immediately following the completion of the Disposition, Oracle holds 11,758,645 Flying Nickel Shares, representing approximately 13.35% of the outstanding Flying Nickel Shares.
Oracle originally acquired the Flying Nickel Shares described in this news release for investment purposes and disposed of Flying Nickel Shares described in this news release for investment purposes. In accordance with applicable securities laws, Oracle may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of Flying Nickel in the open market or otherwise, and Oracle reserves the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, depending on market conditions, the business and prospects of Flying Nickel, Oracle’s portfolio of investment assets and other factors relevant to the business decisions of Oracle.
A copy of the early warning report has been filed under Flying Nickel’s profile on www.sedarplus.ca.
For more information, contact:
Anthony Garson
CEO