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Re: News Release - Monday, October 22, 2007
Commander Increases Non-Brokered Private Placement
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Not for dissemination in the United States or through U.S. newswires
Commander Resources Ltd. (CMD- TSX Venture) announces that due to
overwhelming interest in the non-brokered private placement announced
on October 4, 2007, it has increased the offering to raise up to
$1,722,500.
The offering will now consist of up to 5,050,000 flow-through ("FT")
shares at $0.25 cents per FT share and up to 2,300,000 non flow-through
("NFT") units priced at $0.20. Each NFT unit will consist of one common
share and one-half share purchase warrant. Each whole share purchase
warrant will entitle the holder to purchase one common share at a price
of $0.40 for one year following the closing.
Finder's fees of 7% of the FT shares and units sold may be payable in
shares or cash on a portion of the financing to finders who assist in
the placement, as applicable under regulatory laws. The private
placement is subject to regulatory approval.
Proceeds of the FT shares will be used for eligible exploration
expenditures on the Company's Hermitage uranium project, Labrador
nickel project and Baffin gold project.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company with
control of one of the largest new gold districts in Canada and a new
uranium belt in Newfoundland. The Company also owns several high
quality exploration properties that are being explored this year by
partners. The Company uses a combination of aggressive land
acquisition, focused projects and good deal-making to increase its
exposure to success while reducing risk to shareholders.
On Behalf of the Board of Directors,
Kenneth Leigh
President & CEO
For further information, please call: Commander Resources Ltd.
Telephone: (604) 685-5254 or 1-800-667-7866
www.commanderresources.com
For Investor Relations please contact:
BMK Communications Inc.
Toll free: 1-877-489-4440
Email:bkennedy@bmkcommunications.com
Email: info@commanderresources.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release
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Copyright (c) 2007 COMMANDER RESOURCES LTD. (CMD) All rights reserved.
For more information visit our website at
http://www.commanderresources.com/ or send
mailto:info@commanderresources.com
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