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Commerce Resources Corp. Closes Financing of $32,746,181 for Tantalum and Niobium Projects Developme - 500 Beiträge pro Seite

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02.08.07 09:23:50
Beitrag Nr. 1 ()
Commerce Resources Corp. Closes Financing of $32,746,181 for Tantalum and Niobium Projects Development
(PR Newswire 08.02 09:05:03)

VANCOUVER, Aug. 2 /PRNewswire-FirstCall/ - Commerce Resources Corp. (TSXv:
CCE) (FSE: D7H) (the \"Company\" or \"Commerce\") is pleased to announce that it
has closed its private placement of a total of 27,287,817 units at a price of
$1.20 per unit, for gross proceeds to the Company of $32,746,181.
President of Commerce Resources David Hodge says: \"The closing of this
financing puts Commerce in a strong position in the tantalum and niobium
world. The Commerce Board is committed to leveraging its current position to
meet its stated goal of becoming the world\'s next source of tantalum and
niobium\".
The proceeds of this financing will be used to accelerate the Company\'s
continued exploration and development program on its tantalum and niobium
properties located near Blue River, British Columbia, to conduct an
exploration program at the newly acquired Eldor Carbonatite in Quebec and for
general working capital.
A total of 3,761,003 units were issued to 23 investors in the first
tranche. Each unit consists of one common share and one share purchase warrant
which will entitle the holder to purchase one common share of the Company at a
price of $1.50 per share until June 26, 2009. The common shares comprising the
units bear a four month hold period, expiring on October 27, 2007. Finder\'s
fees totaling $8,500 and 210,833 common shares were paid in relation to the
private placement.
A total of 23,526,814 units were issued to 192 investors in the second
tranche. Each unit consists of one common share and one share purchase warrant
which will entitle the holder to purchase one common share of the Company at a
price of $1.50 per share for a period of two years. 14,674,600 of the units
were issued on July 24, 2007 and these units bear a four month hold period
expiring November 25, 2007 and the share purchase warrants are exercisable
until July 24, 2009. The remaining 8,852,214 units were issued on August 1,
2007 and these units bear a four month hold period expiring December 2, 2007
and the share purchase warrants are exercisable until August 1, 2009. Finder\'s
fees totaling $1,748,057 and 51,879 common shares were paid in relation to the
second tranche of the private placement. A total of 1,198,077 Broker\'s
Warrants were also issued, each Broker\'s Warrant exercisable into one unit of
the Company at a price of $1.20 per unit. Each unit consists of one common
share and one share purchase warrant, exercisable into one common share at a
price of $1.50 per share for a period of two years.
About Commerce Resources Corp.
------------------------------
Commerce Resources Corp.\'s stated goal is to become the world\'s next
source of tantalum and niobium. Commerce is the most active tantalum and
niobium explorer in North America, with a focus on developing its Blue River
deposits (Upper Fir, Fir & Verity) into production.
Exploration to date at the Upper Fir deposit has outlined an indicated
resource of 8.6Mt with 208.2 g/t Ta(2)O5 and 1,372.6 g/t Nb(2)O5 and an
inferred resource of 5.5Mt with 208.2 g/t Ta(2)O5 and 1,349.9 g/t Nb(2)O5
(Gorham, 2007). Exploration to date at the Fir deposit has outlined an
indicated resource of 5.65Mt with 203.1g/t Ta(2)O5 and 1,047g/t Nb(2)O5
(Verzosa, 2003). The Fir is also host to an inferred resource of 6.7Mt with
196g/t Ta(2)O5, 646g/t Nb(2)O5 and 3.20% P(2)O5 (McCrea, 2001). The Verity
deposit, 10 km north of the Fir property, is estimated to host an inferred
resource of 3.06Mt with 196g/t Ta(2)O5, 646g/t Nb(2)O5 and 3.20% P(2)O5
(McCrea, 2001).
Previous exploration at the recently acquired Eldor Carbonatite returned
results ranging from greater than 1.0% to 11.4% Nb(2)O5 (greater than 10,000
g/t to 110,000 g/t Nb(2)O5) and from greater than 0.01% to 0.21% Ta(2)O5 (100
g/t to 2,100 g/t Ta(2)O5). The Company plans to conduct an extensive program
of exploration on the Eldor Carbonatite this summer.
Detailed information on both resource estimates for the deposits may be
viewed in the company\'s public disclosure on SEDAR.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

David Hodge
President and Director
Tel: (604) 484-2700
Statements in this document which are not purely historical are
forward-looking statements, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Forward-looking statements in
this release include statements regarding plans to become the world\'s next
source of tantalum and niobium, developing the Upper Fir deposit into
production, as well as being the most active tantalum and niobium explorer in
North America. It is important to note that actual outcomes and the Company\'s
actual results could differ materially from those in such forward-looking
statements. Risks and uncertainties include, but are not limited to, economic,
competitive, governmental and technological factors that may affect the
Company\'s operations, markets, products and prices. Factors that could cause
actual results to differ materially include misinterpretation of data; that we
may not be able to get equipment or labor as we need it; that we may not be
able to raise sufficient funds to complete our intended exploration and
development; that our applications to drill may be denied; that weather,
logistical problems or hazards may prevent us from exploration; that equipment
may not work as well as expected; that analysis of data may not be possible
accurately and at depth; that results which we or others have found in any
particular location are not necessarily indicative of larger areas of our
property; market prices for tantalum & niobium may not justify commercial
production costs; and that despite encouraging data there may be no
commercially exploitable mineralization on our properties. Readers should
refer to the risk disclosures outlined in the Company\'s Management Discussion
and Analysis of its audited financial statements filed with the Ontario
Securities Commission.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein
CONTACT: on Commerce Resources Corp. and the Blue River Tantalum-Niobium
Property, visit the corporate website at www.commerceresources.com, or contact
Investor Relations at (604) 484-2700 or toll free at (866) 484-2700
SOURCE Commerce Resources Corp.


Contact Information:
For further details on Commerce Resources Corp. and the Blue River Tantalum-Niobium Property, visit the corporate website at www.commerceresources.com, or contact Investor Relations at (604) 484-2700 or toll free at (866) 484-2700
S.PN CCE. MNG.PN PVT.PN
Avatar
02.08.07 09:47:46
Beitrag Nr. 2 ()
ACh ja meine CCE... schönes Ding wird wohl weiter steigen...
Avatar
02.08.07 09:49:56
Beitrag Nr. 3 ()
Antwort auf Beitrag Nr.: 30.978.980 von MagicWeasel am 02.08.07 09:23:50Dafür einen eigenen Thread:confused:
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02.08.07 10:01:15
Beitrag Nr. 4 ()
Antwort auf Beitrag Nr.: 30.979.599 von DMaxx am 02.08.07 09:49:56SPROTT steigt nur bei Qualitätsaktien ein...so wie hier!:)
Avatar
02.08.07 10:44:53
Beitrag Nr. 5 ()
Commerce res.

Kurz Luft holen und weiter gehts: (gerade eben schon bei 0,95)Kursdaten Frankfurt
Realtime:
10:37:46 0,936 +4,00%
+0,036
Taxe Stück
Bid: 10:37:46 0,930 30.550
Ask: 10:37:46 0,937 5.000
Avatar
02.08.07 11:39:23
Beitrag Nr. 6 ()
RSR von heute:

"Fazit: Wir bleiben bullisch. Stay long and strong! "
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02.08.07 12:26:48
Beitrag Nr. 7 ()
Leute es gibt doch extra einen Fakten thread dafür!
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02.08.07 12:54:47
Beitrag Nr. 8 ()
Thread löschen..


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Commerce Resources Corp. Closes Financing of $32,746,181 for Tantalum and Niobium Projects Developme