FinancingCommander to raise $1.5-million for exploration
Commander Resources Ltd (2) (C:CMD)
Shares Issued 56,559,044
Last Close 12/13/2006 $0.69
Wednesday December 13 2006 - News Release
Mr. Ken Leigh reports
COMMANDER ANNOUNCES NON-BROKERED FLOW-THROUGH FINANCING
Commander Resources Ltd. has arranged a non-brokered financing to raise up to a total of $1.5-million. The offering will consist of up to two million flow-through shares at 75 cents per flow-through share.
The issuer may pay finders' fees of 7 per cent of the gross proceeds raised on a portion of the offering, which fees may be paid in cash or common shares (at price of flow-through shares), subject to regulatory acceptance.
Proceeds from the financing will be used primarily to finance exploration on the Hermitage uranium project, Newfoundland, and the Baffin Island gold project, Nunavut.
This financing is subject to acceptance by the TSX Venture Exchange.
© 2006 Canjex Publishing Ltd.