| ||December 13, 2006|
Commander Increases Non-Brokered Flow-Through Financing
| ||NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES|
News Release #06-42
Commander Resources Ltd. (CMD-TSX Venture) (the "Issuer") announces that the non-brokered financing announced on December 13, 2006 has been increased. The Offering will now consist of up to 2,870,000 flow-through shares (the "FT Shares") at $0.75 per FT Share.
Finders' fees of 7% of the gross proceeds raised may be paid in cash or common shares (at price of FT Shares) on a portion of the Offering, subject to regulatory acceptance.
Proceeds from the financing will be used primarily to fund exploration on the Hermitage Uranium Project, Newfoundland and the Baffin Island Gold Project, Nunavut.
This financing is subject to acceptance by the TSX Venture Exchange.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company that controls one of the largest new gold districts in Canada and a new uranium belt in Newfoundland. Commander's underlying mission is to generate or acquire quality opportunities and add significant shareholder value through discovery of mineral deposits, leveraged partnerships, and/or sale of assets.
On Behalf of the Board of Directors,
President & CEO
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information, please call:
Commander Resources Ltd.
Telephone: (604) 685-5254 or 1-800-667-7866
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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