Commander Expands Sarah Lake Nickel Property, Labrador
VANCOUVER, BC - Commander Resources Ltd. (CMD-TSX.V, "Commander") reports that it has reached agreement with Donner Metals Ltd. (DON-TSX.V, "Donner") and Northern Abitibi Mining Corp. ("Abitibi") to acquire their 100% interest in Mineral License #17714M in Labrador, subject to Exchange approval. This Claim License adjoins and lies immediately to the west of Commander's Sarah Lake nickel property located 90 km south of the Voisey's Bay Nickel Mine. Commander has agreed to purchase their claim in exchange for 100,000 shares of Commander to each of Donner and Abitibi. Following completion of the sale, any Joint Venture Agreement between Donner and Abitibi will be terminated and Commander will hold a 100% interest in the property.
Upon completion of this acquisition, Commander will hold 100% title to 5,050 ha of contiguous property in the South Voisey's area. Commander previously announced (see news release dated May 17, 2013) the purchase of Donner's interest in 3,550 ha that had been held jointly by Commander and Donner. Commander also holds 100% interest in four other claim blocks totalling 1,000 ha located to the east and south of the property.
COMMANDER trades on the TSX Venture Exchange under the symbol "CMD". For additional information, please visit the Company's website at http://www.commanderresources.com.
On behalf of the Board of Directors,
Eric W. Norton
President & CEO
For further information, please call:
Cathy DiVito, Investor Relations
Toll Free: 1-800-667-7866
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.