Commerce Resources Closes Private Placement

Commerce Resources Corp. (TSXV:CCE) has closed its non-brokered private placement for gross proceeds of $3,506,250. It was first announced on December 16, 2014.

As quoted in the press release,

The Company issued 12,025,000 flow-through shares (“FT Shares”) at a price of $0.25 per FT Share, and 2,500,000 units (“Units”) at a price of $0.20 per Unit. Each Unit consists of one non flow-through common share and one-half of one non-flow-through common share purchase warrant in the capital of the Company (a “Warrant”). One whole Warrant is exercisable into one additional common share in the capital of the Company (a “Warrant Share”) at a price of $0.30 per Warrant Share until June 19, 2016.

Click here to read the full Commerce Resources Corp. (TSXV:CCE) press release