non brokered private placement

Commander Announces Non-Brokered Private Placement Financing

Commander Resources Ltd. (TSXV: CMD) ("Commander") announces that it plans to complete a non-brokered private placement of up to $750,000 (the "Offering"). The Offering will consist of up to $400,000 in flow-through shares at $0.18 per flow-through share (the "FT Shares) and up to $350,000 in units at $0.17 per unit (the "Units"). Each Unit will consist of one common share and one-half of one share purchase warrant (the "Unit Warrants") with each whole Unit Warrant being exercisable for one additional common share at a price of $0.25 for 18 months from the closing date.

It is the intention of the Company to provide an opportunity to existing, eligible shareholders of Commander to participate in the Offering. Non-accredited investors who qualify will be welcome to participate in the Offering through use of the existing shareholder exemption provided in British Columbia Instrument 45-534 and similar exemptions in other jurisdictions of Canada.

The gross proceeds from the Offering will be used to advance exploration on the Company's current projects and for general corporate purposes.

In connection with the Offering, the Company may pay finders' fees of up to 6% in cash.

Existing Shareholder Exemption

In addition to any other exemptions available, participation in the Offering is also open to existing shareholders of Commander who, as of the close of business on August 4, 2021 (the "Record Date"), hold common shares of Commander (and who continue to hold common shares of Commander at the time of closing), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 and in similar instruments in other jurisdictions of Canada. This exemption is not available to a shareholder who is a U.S. Person (as defined in Regulation S promulgated under the United States Securities Act of 1933, as amended).

Any existing shareholder or other interested investor who wishes to participate in the Offering is asked to please contact Janice Davies, Corporate Secretary of the Company by email at: janice@jdconsulting.ca to receive subscription documentation and instructions. The Offering will remain open to existing shareholders until
August 11, 2021.

The Offering is subject to receipt of TSX Venture Exchange acceptance.

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. 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
info@commanderresources.com

Twitter: @CommanderCMD

www.commanderresources.com

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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92151

News Provided by Newsfile via QuoteMedia

The Conversation (0)

Lundin Mining Announces Updated Share Capital and Voting Rights

Lundin Mining logo (CNW Group/Lundin Mining Corporation)

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act: View PDF version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Ero Copper Publishes 2023 Sustainability Report

Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce the publication of its 2023 Sustainability Report (the "Report"), titled Born in Brazil, Built for Tomorrow . This Report provides an update on the Company's strategy, practices, performance and management approach to key environmental, social and governance ("ESG") topics. The Report is available on the Sustainability section of Ero's website ( www.erocopper.com) .

"Our 2023 Sustainability Report showcases our commitment to responsibly producing the metals essential for global decarbonization," said David Strang, Ero's Chief Executive Officer. "With our operations rooted in Brazil, we benefit from access to electricity generated from approximately 85% renewable energy sources. This allows us to produce lower carbon- intensity copper that contributes to a cleaner, more sustainable future.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Rimfire Pacific Mining Limited

Rimfire Expands Scandium Exposure in Central NSW

Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company”) is pleased to advise that it has expanded its scandium exposure in central NSW following the execution of an Option to Purchase Agreement with Javelin Minerals Limited (JAV: ASX) for their Exploration Licence 8666 located approximately 50km north of Fifield (see figure 1). If Rimfire elects to exercise the Option to Purchase, then the exploration licence will become 100% owned by Rimfire and will add to Rimfire’s 100% owned project portfolio.

Keep reading...Show less
Brixton Metals (TSXV:BBB)

Brixton Metals Releases Additional High-Grade Gold Assays From its Exciting Trapper Gold Target on its Wholly Owned Thorn Project

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce additional 2024 drill results from the Trapper Gold Target at its wholly owned Thorn Project. The project is located in Northwest British Columbia, 90km east of Juneau, Alaska.

Highlights

Keep reading...Show less
Impact Minerals

September 2024 Quarterly Report

Impact Minerals Limited (ASX:IPT) is pleased to present its Quarterly Report.

Keep reading...Show less

Latest Press Releases

Related News

×