FruchtExpress Grabher GmbH & Co KG submits a proposal offer to acquire Commander Resources Ltd. (TSXV : CMD) from shareholders for CAD 3.21 million on March 4, 2024. FEx will commence an all-cash offer to acquire all issued and outstanding shares of Commander for CAD 0.09 per share (the proposed offer). Commander shareholders are advised to take no action in respect of the proposed offer until Commander's board of directors have made a formal recommendation to shareholders.

As of June 10, 2024, The Board of Directors of Commander Resources has recommended that shareholders (the 'Commander Shareholders') reject the unsolicited take-over bid for all of the issued and outstanding shares of Commander for CAD0.09 per share (the 'Hostile Bid') from FruchtExpress Grabher GmbH & Co KG. The Board's recommendation was made after receiving the recommendation of the Special Committee (the 'Special Committee') and advice from its legal and financial advisors. The Commander Board and Special Committee have received a written opinion from GenCap Mining Advisory Ltd., Financial Advisor to the Company (the 'Financial Advisor'), that the cash consideration to be received by the Commander Shareholders (other than FEx and its affiliates) under the Hostile Bid is inadequate, from a financial point of view, to the Commander Shareholders.

Based on the inadequacy opinion and other reasons listed below, the Special Committee and Board of Directors of Commander have also concluded that FEx's unsolicited Offer is inadequate and recommend that the Commander Shareholders should reject the Hostile Bid and not tender their Commander shares. To reject the Hostile Bid, Commander Shareholders should simply take no action. Laurel Hill Advisory Group acted as Commander's strategic advisor and information agent.