Commander Announces Non-Brokered Private Placement Financing
Vancouver, August 3, 2023 - Commander Resources Ltd. (TSXV: CMD) ("Commander") announces that it plans to complete a non-brokered private placement of up to $600,000 (the "Offering"). The Offering will consist of up to $400,000 in flow-through shares at $0.10 per flow-through share (the "FT Shares) and up to $200,000 in units at $0.08 per unit (the "Units"). Each Unit will consist of one common share and one share purchase warrant (the "Unit Warrants"), with each Unit Warrant being exercisable for one additional common share at a price of $0.14 for 18 months from the closing date.
The 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.
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 a combination of partnerships and sole funded exploration. 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.
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