You're receiving this email because of your relationship with Commerce Resources Corp. Please confirm your continued interest in receiving email from us.
You may if you no longer wish to receive our emails. |
Dear Eric,
COMMERCE RESOURCES CORP. CLOSES $7.5 MILLION NON-BROKERED PRIVATE PLACEMENT
Commerce Resources Corp. (TSXv: CCE)(FSE: D7H)(OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") of 10,388,834 common shares of the Company at a price of $0.73 per share for gross proceeds of $7.58 million.
The proceeds of the Private Placement will be used to advance the Company's exploration and development programs on its Blue River Tantalum and Niobium Project in British Columbia and its Eldor Rare Earth Project in Quebec, and for general working capital.
Securities issued pursuant to the Private Placement are subject to a four month hold period expiring October 4, 2011.
In connection with the completion of the Private Placement, the Company has paid a finder's fee in the amount of C$585,375 and 2,004,709 warrants. Each warrant is exercisable into one common share of the company at a price of $0.90 per share for a period of two years from the date of closing of the Private Placement.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
David Hodge
President and Director
Tel: 604.484.2700
TF: 866.484.2700
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Following your review, if you have any questions feel free to contact me at 604.484.2700 or toll free at 1.866.484.2700.
Sincerely,
Chris Grove
Corporate Communications
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Disclaimer: This email does not constitute investment advice. Commerce Resources Corp. provides investor relations materials for convenience and information only.
Forward email
|
|
|
|
Commerce Resources Corp. | Suite 1450 - 789 West Pender Street | Vancouver | BC | V6C 1H2 | Canada | |
|
Commerce Resources Corp.
|
|
EXPLORATEUR |
CODE : CCE.V |
ISIN : CA2006971006 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Commerce Resources est une société développant des projet miniers d'argent et d'or basée au Canada. Commerce Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ELDOR, BLUE RIVER - FIR, CARBOT, AU-WEN CLAIMS et CABLE CREEK au Canada. Commerce Resources est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 29,4 millions CA$ (21,6 millions US$, 19,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 mai 2007 à 1,80 CA$, et son plus bas niveau récent le 16 août 2019 à 0,04 CA$. Commerce Resources possède 293 860 000 actions en circulation. |