New Issue: Commerce Resources settles C$1.06 million sale of units

By Sheri Kasprzak

New York, Dec. 6 - Commerce Resources Corp. said it has concluded a non-brokered private placement for C$1,064,199.

The company sold 8,868,333 units at C$0.12 each to RAB Capital plc.

The units include one share and one warrant. The warrants are exercisable at C$0.18 each for one year.

Based in Vancouver, B.C., Commerce is a mineral exploration and development company.

Issuer:	Commerce Resources Corp.
Issue:	Units of one share and one warrant
Amount:	C$1,064,199
Units:	8,868,333
Price:	C$0.12
Warrants:	One warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$0.18
Investor:	RAB Capital plc
Placement agent:	Non-brokered
Settlement date:	Dec. 5
Stock price:	C$0.13 at close Dec. 5

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