Commerce Resources (TSE:CCE) has released an update.
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Commerce Resources Corp. successfully completed a non-brokered private placement, raising $2,016,000 by issuing 16 million units at $0.126 each. The funds are earmarked for advancing the Ashram REE/Fluorspar Deposit’s updated Preliminary Economic Assessment and for general working capital. The placement included share purchase warrants and finder’s warrants, with securities subject to a statutory hold period of four months and a day.
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