Commerce Resources Launches $5M Private Placement

Commerce Resources (TSE:CCE) has released an update.

Commerce Resources Corp. has launched a non-brokered private placement to raise up to $5,040,000 through the sale of 28 million flow-through units at $0.18 each, which includes a common share and a purchase warrant. The company has also partnered with Churchill SIG Pty Ltd. as the lead manager to source potential subscribers, offering Churchill a cash fee and purchase warrants as compensation for services provided.

For further insights into TSE:CCE stock, check out TipRanks’ Stock Analysis page.