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News Release: Commerce Resources Corp. Announces Increase to Non-Brokered Flow-Through Private Placement
 

News Release: Commerce Resources Corp. Announces Increase to Non-Brokered Flow-Through Private Placement

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On December 11, 2012, Commerce Resources Corp. (TSXv: CCE) announced the increase of the non-brokered portion of its private placement.

On December 11, 2012, Commerce Resources Corp. (TSXv: CCE) announced the increase of the non-brokered portion of its private placement.

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    News Release: Commerce Resources Corp. Announces Increase to Non-Brokered Flow-Through Private Placement News Release: Commerce Resources Corp. Announces Increase to Non-Brokered Flow-Through Private Placement Document Transcript

    • Commerce Resources Corp. Announces Increase to Non-Brokered Flow-Through Private PlacementNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, INOR INTO THE UNITED STATES.December 11, 2012 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX:CMRZF) (the “Company” or “Commerce”) announces that further to its news release datedNovember 23, 2012, the Company has increased the non-brokered portion of the privateplacement from 6,666,667 units at $0.18 per unit to 7,336,664 units for gross proceeds of$1,320,599.70.The flow-through units will consist of one flow-through common share and one half of one non-transferable share purchase warrant. Each whole share purchase warrant will entitle the holder topurchase one additional common share of the Company at a price of $0.25 per share for a periodof 18 months from the date of issuance.The securities issued will be subject to a four-month hold period from the date of closing. Theprivate placement is subject to the approval of the TSX Venture Exchange. The proceeds fromthe unit offering will be utilized for qualified exploration expenditures on the Company’s BlueRiver Tantalum and Niobium, and Eldor Rare Earth Element Projects.About Commerce Resources Corp.Commerce Resources Corp. is an exploration and development company with a particular focuson rare metal and rare earth element deposits with the potential for economic grades and largetonnages. The Company is focused on the development of its Upper Fir Tantalum and NiobiumDeposit in British Columbia and the Ashram Rare Earth Element Deposit in northern Quebec.On Behalf of the Board of DirectorsCOMMERCE RESOURCES CORP.“David Hodge”David HodgePresident and DirectorTel: 604.484.2700Email: dhodge@commerceresources.com
    • Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsStatements in this document which are not purely historical are forward-looking statements, including anystatements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements inthis news release include that Commerce Resources Corp. will complete a non-brokered private placement for grossproceeds of up to $1,320,599.70.It is important to note that actual outcomes and the Companys actual results could differ materially from those insuch forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive,governmental, environmental and technological factors that may affect the Companys operations, markets, productsand prices. Investors who have indicated their investment intent may not close as expected. Readers should refer tothe risk disclosures outlined in the Companys Management Discussion and Analysis of its audited financialstatements filed with the British Columbia Securities Commission.