NewsCommander Resources boosts financings
Commander Resources Ltd (2) (C:CMD)
Shares Issued 39,701,981
Last Close 4/27/2006 $0.37
Thursday April 27 2006 - News Release
Mr. Kenneth Leigh reports
PRIVATE PLACEMENT FINANCING INCREASED
Commander Resources Ltd. has increased the private placement financing it detailed in Stockwatch on April 13, 2006. The brokered financing, led by Bolder Investment Partners Ltd., is now increased to a maximum of 10.5 million units, for gross proceeds of up to $3,885,000, on a best-efforts basis. The non-brokered flow-through-share placement has also been increased to a maximum of 3,695,652 shares, for gross proceeds of up to $1.7-million.
The terms of both the brokered and the non-brokered financings remain the same, as previously disclosed.
Proceeds from the financing will be used primarily for exploration on the Baffin Island gold project, in Nunavut, and the Hermitage uranium project, in Newfoundland. The proceeds will also go toward general working capital.
This financing is subject to acceptance by the TSX Venture Exchange.
© 2006 Canjex Publishing Ltd.