RE: RE: CCE Acquires 8,000,000 shares of CIN. Mostly a non-event. Already announced and agreed to. From previous news release."Under the amendment, Canadian International will immediately acquire a 100% interest in the Carbo Property by issuing an additional 8,000,000 common shares to Commerce. Commerce will retain its 2% NSR royalty on the property with no buyback right. Canadian International will also void any amounts due from Commerce for prior exploration under the original option agreement. The transaction is subject to acceptance by the TSX Venture Exchange.Concurrently, Commerce shall subscribe for $300,000 worth of Units (the "Units") into Canadian International's recently announced private placement. Each Unit will consist of one common share and one-half of one transferable share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle Commerce to purchase one additional share of Canadian International for a period of 24 months from the closing date at a price of
.25 per share in the first year and
.30 per share in the second year. Commerce will also have the right of first refusal to participate in any future Canadian International financings up to 19.9% of the aggregate value of the respective offerings." What I don't if reading above statement, CIN was owed any funds by CCE for completed exploration work. Whatever, all is even now.Caddo