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| | June 04, 2009
Commander Receives Units of Fjordland as Settlement
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| | Vancouver, BC, June 4, 2009 -- Commander Resources Ltd. (TSX-V: CMD) and Fjordland Exploration Inc. (TSX-V: FEX) announce a settlement with respect to a shortfall on drilling by Fjordland on the Olympic-Rob Property, Yukon Territory under the terms of a Letter of Intent dated July 27, 2006.
Subject to the approval of the TSX Venture Exchange, Fjordland has agreed to issue to Commander 1,000,000 units of Fjordland, comprising 1,000,000 shares at a deemed price of $0.08 per share, such price based on the average of the closing price over the last ten trading days, and 1,000,000 warrants, exercisable at $0.16 for a period of two years from closing. The shares will be subject to a four month hold period.
On Behalf of the Board of Directors,
Kenneth Leigh
President & CEO
For further information, please call:
Cathy DiVito, Investor Relations
Telephone: (604) 484-7111 ~ Toll-free: 1-800-667-7866
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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