Commerce Resources Corp. and Canadian International Minerals Inc. Amend Option Agreement for Carbo Rare Earth Property

Commerce Resources Corp. (TSXV:CCE,OTC:CMRZF) and Canadian International Minerals Inc. (TSXV:CIN) announced they have changed an agreement.

The press release is quoted as saying,

Under the amendment, Canadian International will immediately acquire a 100% interest in the Carbo Property by issuing an additional 8,000,000 common shares to Commerce. Commerce will retain its 2% NSR royalty on the property with no buyback right. Canadian International will also void any amounts due from Commerce for prior exploration under the original option agreement. The transaction is subject to acceptance by the TSX Venture Exchange.

For the complete press release, click here.