Commerce Resources Corp V.CCE

Alternate Symbol(s): CMRZF

Metals & Mining Industrial Metals & Minerals

Commerce Resources Corp. is a Canada-based junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is primarily focused on suppling of mixed rare earth carbonate and/or neodymium and praseodymium (NdPr) oxide to the global market. Its primary asset is the Eldor Property in Quebec. The Eldor Property is situated in northern Quebec approximately 130 km south of the town of Kuujjuaq. The Property is 100%-owned by the Company and is composed of 244 claims comprising approximately 11,475 hectares, including the Ashram Rare Earth Deposit. Capacitor Metals Corp. is the wholly owned subsidiary of the Company.

TSXV:CCE - Post by User

Commerce Resources Corp

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Comment by thairaton Oct 15, 2019 11:38am

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Post# 30231749

RE:Commerce Resources Corp. Announces Closing of First Tranche

Issuance to Insiders !!!

David Hodge, the Chief Executive Officer and a director of the Company was issued 190,000 Units under the First Tranche, Zimtu Capital Corp., a public company of which David Hodge and Chris Grove, directors and officers of the Company, are directors of, was issued 5,061,500 Units under the First Tranche and Dahrouge Geological Consulting Ltd., a private company owned by Jody Dahrouge, a director of the Company, was issued 1,308,000 Units under the First Tranche, all of which constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101").

https://www.commerceresources.com/en/news/commerce-resources-corp-announces-closing-of-first-tranche-of-private-placement-and-consulting-agreement-with-zimtu-capital-corp

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