Commerce Resources Arranges $7.5 Million Non-Brokered Private Placement

- May 30th, 2011

Commerce Resources Corp. (CVE:CCE,FRA:D7H,OTC:CMRZF) announced it intends to raise $7.5 million through a non-brokered private placement.

Commerce Resources Corp. (TSXV:CCE,FRA:D7H,OTC:CMRZF) announced it intends to raise $7.5 million through a non-brokered private placement.

The press release is quoted as saying:

The proceeds of the Private Placement will be used to advance the Company’s exploration and development programs on its Blue River Tantalum and Niobium Project in British Columbia and its Eldor Rare Earth Project in Quebec, and for general working capital.

To read the full press release, click here.

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