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| | July 14, 2008
Commander Completes First Tranche of Non-Brokered Private Placement Financing
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| | News Release: 08-18
Commander Resources Ltd. (CMD - TSX Venture) reports that tranche one of the non-brokered private placements announced on June 18, 2008 has closed for total proceeds of $696,000.
An issuance of 2,767,850 flow-through shares at a purchase price of $0.24 per flow-through share and 150,000 non flow-through units at a purchase price of $0.21 per non flow-through unit occurred on
July 10, 2008.
Finders' fees of 7% were paid in cash to the following finders: Canaccord Capital Corp.- $1,680 and National Bank Financial - $352.80. In addition, 10,500 units were issued to Union Securities with respect to finders fees.
All of the securities issued are subject to a four month hold period and may not be traded until
November 11, 2008.
On behalf of the Board of Directors,
Kenneth E. Leigh
President & CEO
For further information, please call:
Investor Relations: BMK Communications
Toll Free: 1-866-782-6032
www.commanderresources.com
Email: info@commanderresources.com
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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