News Release: Option Grant and Re-Pricing
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News Release: Option Grant and Re-Pricing






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News Release: Option Grant and Re-Pricing News Release: Option Grant and Re-Pricing Document Transcript

  • Option Grant and Repricing February 8, 2013 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the “Company” or “Commerce”) announces that it has granted 4,300,000 incentive stock options. Subject to the approval of the TSX Venture Exchange (the “Exchange”), each stock option is exercisable into one common share of the Company at a price of $0.15 per share for a period of five years. Of the options granted 3,450,000 are issuable to directors and officers of the Company. The Company also announces the re-pricing of 1,985,000 incentive stock options issued to consultants of the Company, to reflect current market conditions and subject to the approval of the Exchange. The options originally granted in 2009, 2010 and 2011 at prices ranging from $0.26 to $0.81. The new exercise price for these options will be $0.15 per share. On Behalf of the Board of Directors COMMERCE RESOURCES CORP. “David Hodge” President and Director Tel: 604.484.2700 The TSX Venture Exchange has neither approved nor disapp roved the information contained hereinStatements in this document, which are not purely historical, are forward-looking statements, including anystatements regarding beliefs, plans, expectations or intentions regarding the future.It is important to note that actual outcomes and the Company’s actual results could differ materially from those insuch forward-looking statements. Risks and uncertainties include, but are not limited to, approval not beingreceived for the re-pricing of the stock options or approval for the new issuance from the TSX Venture Exchange.As well, economic, competitive, governmental, environmental and technological factors may affect the Companysoperations, markets, products and prices . Readers should refer to the risk disclosures outlined in the Company’sManagement Discussion and Analysis of its audited financial statements filed with the British Columbia SecuritiesCommission.