| ||December 28, 2006|
Commander Closes $2.1 Million Non-Brokered Flow-Through Financing
| ||Commander Resources Ltd. (CMD-TSX Venture) reports that the financing announced on December 13, 2006 and amended on December 21, 2006 has closed.|
The non-brokered flow-through private placement raised gross proceeds of $2,120,724.75. A total of 2,827,633 common shares at a purchase price of $0.75 per flow-through share have been issued.
Fees of 7% were paid as follows: $3,465.00 to Dundee Securities Corporation, $13,996.50 to Haywood Securities Inc., $1,190.00 to John Kenney, $13,965.00 to Mak Allen & Day Capital Partners, $6,998.25 and 56,023 common shares to Pacific International Securities Inc., $6,998.25 to Standard Securities Capital Corporation and $8,557.50 to Union Ltd.
Proceeds from the financing will be used primarily to fund exploration on the Hermitage Uranium Project, Newfoundland and the Baffin Island Gold Project, Nunavut.
About Commander Resources Ltd.
Commander Resources Ltd. is a Canadian junior exploration company with control of 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,
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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