- Commander Resources (CMD) has closed its non-brokered private placement for gross proceeds of $662,539.97
- The company issued a total of 2,202,235 units and 1,600,889 flow-through shares
- The gross proceeds from the offering will be used to advance exploration of the company’s current projects and for general corporate purposes
- Commander Resources is an exploration company with a portfolio of base and precious metal projects
- Commander Resources Ltd. (CMD) is down 14.29 per cent, trading at C$0.15 per share at 11:50 am ET
Commander Resources (CMD) has closed its previously announced non-brokered private placement for gross proceeds of $662,539.97.
In the second tranche, the company issued 800,000 units at a price of $0.17 per unit for proceeds of $136,000.
The company issued a total of 2,202,235 units and 1,600,889 flow-through shares.
Each unit consists of one common share and one-half of one share purchase warrant. Each whole purchase warrant entitles the holder to purchase one additional common share at a price of $0.25 until March 9, 2023 (Tranche 1) and March 20, 2023 (Tranche 2).
The gross proceeds from the offering will be used to advance exploration of the company’s current projects and for general corporate purposes.
$15,000 in finder’s fees were paid to Dundee Goodman Merchant Partners, $2,130 to German Mining Networks GmbH, $1,020 to Sprott Capital Partners LP; and $300 to Stephen Avenue Securities Inc.
Common shares issued in connection with this private placement are subject to a four-month restricted resale period until January 10, 2022 (Tranche 1) and January 21, 2022 (Tranche 2).
Commander Resources is an exploration company with a portfolio of base and precious metal projects across Canada.
Commander Resources Ltd. (CMD) is down 14.29 per cent, trading at C$0.15 per share at 11:50 am ET.
