Commander Resources (CMD) has announced plans to complete a non-brokered private placement of up to $750,000.
The offering will consist of up to $400,000 in flow-through shares at $0.18 per share and up to $350,000 in units at $0.17 per unit.
Each unit will include one common share and one-half of one share purchase warrant. Each whole unit warrant being exercisable for one additional common share at a price of $0.25 for 18 months from the closing date.
Existing shareholders will be invited to participate in the offering. Non-accredited investors who qualify will also be welcome to participate through the use of the existing shareholder exemption provided in British Columbia Instrument 45-534 and similar exemptions in other jurisdictions of Canada.
Gross proceeds will be used to advance exploration of the company's current projects and for general corporate purposes.
Commander may pay finders' fees of up to 6 per cent in cash.
Commander Resources is a Canadian-focused exploration company. Commander has a portfolio of base and precious metal projects across Canada.
Commander Resources Ltd. (CMD) opened trading at C$0.185 per share.