News Release: Ashram Rare Earth Element Deposit Drill Program Results
News Release: Commerce Resources Corp. Announces $2.0 Million Private Placement
1. Commerce Resources Corp. Announces $2 Million Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES.
July 13, 2012 - Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX: CMRZF) (the
“Company”) is pleased to announce that it has engaged NCP Northland Capital Partners Inc. (the
“Agent”) to act as lead agent in connection with a private placement of up to 6,666,666 units at a
price of $0.30 per unit.
Each unit will consist of one flow-through common share and one half of one non flow-through
common share purchase warrant. Each whole share purchase warrant is exercisable into one
common share of the Company for a period of two years at a price of $0.40 per share in the first
year and $0.48 per share in the second year. The securities issued will be subject to a four-month
hold period from the date of closing. The private placement is subject to the approval of the
TSX Venture Exchange (the “TSXv”).
The Company will pay to the Agent a commission of 7% of the gross sales of units and issue to
the Agent 7% of the number of units sold in Compensation Options, with each Compensation
Option being exercisable for 2 years at a price of $0.30.
The proceeds of the private placement will be used to advance the Company’s Eldor Rare Earth
Project, Blue River Tantalum-Niobium Project, and for general working capital.
For more information on Commerce Resources Corp., visit the corporate website at
http://www.commerceresources.com or email info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
“David Hodge”
David Hodge
President and Director
Tel: 604 484 2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
2. -2-
Forward-Looking Statements
Statements in this document which are not purely historical are forward-looking statements, including any
statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in
this news release include that Commerce Resources Corp. will complete a brokered private placement for gross
proceeds of $2,000,000.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in
such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive,
governmental, environmental and technological factors that may affect the Company's operations, markets, products
and prices. Investors who have indicated their investment intent may not close as expected. Readers should refer to
the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial
statements filed with the British Columbia Securities Commission.