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ORACLE ENERGY CORP. ANNOUNCES PRIVATE PLACEMENT

V.OEC
Vancouver, British Columbia, July 25, 2013 — Oracle Energy Corp. (“the Company”) (TSX.V: OEC) (Frankfurt: O2E) is pleased to announce a non-brokered private placement financing of up to $1,500,000 (the “Private Placement”).
 
The Private Placement will consist of the issuance of up to 12,000,000 units of the Company (each, a “Unit”), at $0.125 per Unit for with each Unit consisting of one common share of the Company and one-half of one non-transferable common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.15 for a period of 12 months and at $0.20 for a period of 24 months following the closing date. 
 
Finders’ fees may be paid by the Company in conjunction with the completion of the Private Placement in accordance with TSX Venture Exchange policies.
 
All of the securities issued pursuant to the Private Placement will be subject to a restricted period of four months and one day from the date of closing. 
 
The Company intends to use the proceeds from the sale of the Units for advancing projects that the Company may acquire in Nigeria, its project in Portugal and for general working capital purposes. The Private Placement is subject to approval from the TSX Venture Exchange.
 
About Oracle Energy Corp.
 
Oracle Energy Corp. (TSX.V: OEC) (Frankfurt: O2E) is a Canadian oil and gas company focused on growth and shareholder value creation through exploration, development, and production in Africa - initially Nigeria. Our three pronged strategy is a focus on: capture of the best opportunities, best-in-class execution, and critical assessment and mitigation of risk. For more information on Oracle Energy visit www.OracleEnergy.com
 
 
ON BEHALF OF THE BOARD


“Nasim Tyab”
 
Nasim Tyab, Chairman and CEO
Oracle Energy Corp.
 
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information, which is based on information currently available to the Company, and the Company provides no assurance that actual results will meet management’s expectations.  Forward-looking information includes the statement that the Company may complete the private placement and expend the funds as indicated, and that we can capture of the best opportunities, produce best-in-class execution, and critically assess and mitigate risk.  Actual results relating to, among other things, the closing of the proposed private placement and the timing thereof, the receipt of the requisite regulatory approvals, the net proceeds to the Company, and the use of proceeds and future business plans of the Company, could differ materially from those currently anticipated in such information for many reasons such as: the failure to obtain the requisite approvals; the failure to satisfy conditions to closing; failure to attract capital on the terms indicated or at all;  changes in general economic conditions and conditions in the financial markets; changes in demand and prices for resources; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and other matters discussed in this news release. We may fail to access any opportunity, may have trouble executing and may not be able to assess and mitigate risk.  This list is not exhaustive of the factors that may affect any of the Company’s forward looking information and readers should consult the risk factors disclosed by other junior resource companies as disclosed on SEDAR.  These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward looking information.  The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
 
 
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.

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