Key Developments: Commerce Resources Corp (CMRZF.PK)

CMRZF.PK on OTC Markets Group

0.21USD
10 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Commerce Resources Corp appoints new president
Monday, 15 Sep 2014 08:30am EDT 

Commerce Resources Corp:Appoints John Christopher Grove to the position of president of the company.Grove previously served with the company in the role of corporate development as well as director.David Hodge, former president, will continue as chief executive officer and director.  Full Article

Commerce Resources Corp announces closing of $2.5 mln brokered private placement
Friday, 14 Mar 2014 05:27pm EDT 

Commerce Resources Corp:Closed a private placement of 8,425,652 flow-through units at a price of $0.23 per FT Unit and 3,012,500 units at $0.20 per Unit for gross proceeds of $2,540,400.Secutor Capital Management Corp acting as lead agent.Proceeds will be used to advance the company's Ashram Rare Earth Deposit and for general working capital.  Full Article

Commerce Resources Corp announces $2.870 million private placement
Monday, 10 Mar 2014 08:31am EDT 

Commerce Resources Corp:Has engaged Secutor Capital Management Corporation to act as lead agent in connection with a private placement of up to 9,000,000 flow-through units (FT Units) at a price of $0.23 per FT Unit and up to 4,000,000 units at $0.20 per unit for gross proceeds of up to $2,870,000.Each Unit will consist of one common share and one half of one Warrant. Each whole share purchase warrant is exercisable into one common share of the company for a period of 18 months from closing at a price of $0.35 per common share.  Full Article

Commerce Resources Corp Announces Private Placements
Friday, 23 Nov 2012 04:03pm EST 

Commerce Resources Corp announced that it has engaged Marquest Capital Markets and Casmir Capital Ltd. (the Agents) to act as lead agent in connection with a private placement of up 11,111,112 flow-through eligible units at a price of $0.18 per unit for gross proceeds of $2,000,000 and up to 3,333,334 common share units at a price of $0.15 per unit for gross proceeds of $500,000. In addition the Company announces a non-brokered flow-through eligible private placement of up to 6,666,667 units at $0.18 per unit for gross proceeds of $1,200,000. The common share units will consist of one common share and one half of a non-transferable share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.25 per share for a period of 18 months from the date of issuance. The securities issued will be subject to a four-month hold period from the date of closing. The private placement is subject to the approval of the TSXv. The proceeds from the unit offering will be utilized for qualified exploration expenditures on the Company's Blue River Tantalum and Niobium, and Eldor Rare Earth Element Projects.  Full Article

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