The Prospector News

Commerce Resources Corp. Announces Closing of Final Tranche of Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Commerce Resources Corp. Announces Closing of Final Tranche of Private Placement






Commerce Resources Corp. (TSX-V:CCE) (FSE:D7H) announces that, further to its News Releases dated October 4, 2019 and October 11, 2019, it has closed the final tranche  of the non-brokered private placement financing of up to 11,538,461 units at a price of $0.26 per Unit for gross proceeds of up to $3,000,000. The Company has raised a total of $2,515,279.78 from the closing of the first tranche and Final Tranche of the Financing.


The Final Tranche consisted of 646,153 Units of the Company at a price of $0.26 per Unit for gross proceeds of $167,999.78. Each Unit consists of one common share of the Company and one common share purchase warrant, with each Warrant entitling the holder to purchase one Share at a price of $0.35 per Share for the first year, and $0.50 for the second year following the closing of the Offering .


For the Final Tranche, the Company paid cash finder’s fees of $3,149.98 to certain finders.


All securities issued in the Final Tranche, and the Shares that may be issuable on exercise of the Warrants, are subject to a statutory hold period expiring March 1, 2020.


About Commerce Resources Corp.


Commerce Resources Corp. 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 Upper Fir Tantalum-Niobium Deposit in British Columbia.


Posted November 7, 2019

Share this news article


Infill Drilling at San Albino Complete, Highlighted by Intercepts of 69.99 g/t Gold Over 1.8 Meters and 47.89 g/t Gold Over 2.6 Meters; MDA Hired to Update 43-101 Resource Estimate at San Albino in Q3

Mako Mining Corp. (TSX-V: MKO) (OTCQB: MAKOF) is pleased to repor... READ MORE

May 27, 2020

Equinox Gold Receives $145 Million from Exercise of Warrants

Equinox Gold Corp.(TSX: EQX) (NYSE American: EQX) reports t... READ MORE

May 27, 2020

Sama Resources Announces Positive Preliminary Economic Assessment for Samapleu Project

Pre-tax NPV of USD$615M and IRR of 32.5% over a 20-year mine life... READ MORE

May 27, 2020

Pure Gold Mining Raises $12.3 Million From the Exercise of Share Purchase Warrants

Pure Gold Mining Inc. (TSX-V: PGM) (LSE: PUR) is pleased to annou... READ MORE

May 27, 2020

G2 Drills 4.8 m @ 10.6 g/t Au and 25 m @ 2.2 g/t Au in 200 m Step-out Hole

G2 Goldfields Inc. (TSX-V: GTWO) announces further high-grade dri... READ MORE

May 27, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions