July 22, 2008 Commander Completes Final Tranche of Non-Brokered Private Placement Financing
Commander Resources Ltd. (CMD - TSX Venture) reports that the final tranche of the non-brokered private placement announced on June 18, 2008 has closed. The total proceeds from the financing amounted to $2,202,000, including $695,784 from Tranche 1 and $1,506,216 from Tranche 2.
An issuance of 5,532,150 flow-through shares at a purchase price of $0.24 per flow-through share and 850,000 non flow-through units at a purchase price of $0.21 per non flow-through unit occurred on July 22, 2008.
Finders' fees were paid to Dundee Securities Corp. as to $50,684.76 cash and 241,356 units.
All of the securities issued are subject to a four month hold period and may not be traded until November 23, 2008.
On behalf of the Board of Directors,
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