Commander Announces Private Placement Financing
Commander Resources Ltd. (CMD-TSX Venture) announces it intends to raise $100,000 for general working capital purposes. The financing will consist of a non-brokered private placement of 2,000,000 units (the "Units") priced at $0.05 per Unit. Each Unit will consist of one common share of the Company (the "Common Shares") and one common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional Common Share at a price of $0.10 per Common Share for three years following the closing date of the Private Placement. The financing is subject to the approval of the TSX Venture Exchange.
About Commander Resources:
Commander Resources is a Canadian focused exploration company that has leveraged its success in exploration through partnerships and sale of properties, while retaining equity and royalty interests. Commander has a portfolio of base and precious metal projects across Canada and significant equity positions in Maritime Resources Corp. (MAE-TSX.V) and Aston Bay Holdings (BAY-TSX.V). Commander also retains royalties from properties that have been partnered, optioned or sold.
On behalf of the Board of Directors,
"Eric W. Norton"
Eric W. Norton
President & CEO
For further information, please call:
Eric Norton, President and CEO
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.