Commander Reports on Annual General Meeting and Stock Option Grants
Vancouver, BC, July 12, 2018 ─ Commander Resources Ltd. (“Commander”) (TSX-V: CMD) is pleased to announce that five directors have been elected at the Company’s annual general meeting held July 12, 2018, in Vancouver, British Columbia. The Board includes returning directors Robert Cameron, Bernard H. Kahlert, Brandon Macdonald, Eric Norton and David Watkins. The meeting approved the re-appointment of Davidson & Company, Chartered Accountants, as auditors for the ensuing year. Shareholders also approved the adoption of a 10% rolling stock option plan at the meeting. Brandon Macdonald was appointed Chairman of the Board by the directors.
Stock Option Grants
The board of directors accepted the recommendations of the Compensation Committee and reports the grant of 886,000 incentive stock options to directors, officers and contractors of the Company under its stock option plan, in accordance with the Company's compensation policy. The options are exercisable for five years at a price of $0.17 per share and are subject to the policies 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
Robert Cameron, P. Geo.
President and CEO
For further information, please call:
Robert Cameron, President and CEO
Toll Free: 1-800-667-7866
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.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.