23:51:05 EDT Wed 16 Aug 2017
Enter Symbol
or Name
USA
CA



Commerce Resources Corp
Symbol C : CCE
Shares Issued 293,859,400
Close 2017-04-20 C$ 0.07
Recent Sedar Documents

Commerce Resources arranges $1M private placement

2017-04-21 07:11 ET - News Release

Mr. Chris Grove reports

COMMERCE RESOURCES CORP. ANNOUNCES PRIVATE PLACEMENT

Commerce Resources Corp., subject to regulatory approval, has arranged a non-brokered private placement financing of up to 16,666,667 units at a price of six cents per unit. Each unit consists of one common share of the company and one share purchase warrant. One warrant entitles the holder thereof to purchase one additional share of the company at a price of 7.5 cents per share in the first year after issuance and at 10 cents per share in the second year after issuance.

Closing of the offering remains subject to final acceptance of the TSX Venture Exchange. The company may pay finders' fees in connection with the issuance of the units under the offering. The shares, the warrants and the shares issuable on exercise of the warrants will be subject to a statutory hold period expiring on the date that is four months and one day after closing of the offering. The offering may be considered a related-party transaction pursuant to applicable securities laws due to the fact that certain insiders of the company may participate in the offering.

The proceeds of the financing will be used for working capital.

About Commerce Resources Corp.

Commerce Resources is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is focused on the development of its Ashram rare earth element deposit in Quebec and the Blue River tantalum-niobium deposit in British Columbia.

We seek Safe Harbor.

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