Commerce Resources Corp. announced a non-brokered private placement of up to 16,000,000 units at a price of CAD 0.126 per unit for the gross proceeds of CAD 2,016,000 on June 11, 2024. Each unit will consist of one common share of the company and one common share purchase warrant, with each Warrant entitling the holder to purchase one Share at a price of CAD 0.25 per share for a period of two (2) years from closing of the offering.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange.