Commerce Resources Corp announced a non-brokered private placement of up to 27,777,777 charity flow-through shares at a price of CAD 0.18 per charity flow-through share for aggregate gross proceeds of up to CAD 4,999,999.86 on June 6, 2024. Each FT Unit will be comprised of one common share and one transferable share purchase warrant. Each Warrant shall entitle the holder to receive one non-flow-through common share at a price of CAD 0.25 per Warrant Share at any time before the date that is two years following the date of issuance. The Offering is expected to close on or about June 18, 2024, or on any other date or dates as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the Exchange. The Securities, and the underlying securities, will be subject to a hold period of four months and one day from the date of closing. Certain insiders of the Company are anticipated to participate in the Offering.

On the same date, the company announced it has amended and issue 28,000,000 charity flow-through units at an issue price of CAD 18 per FT Unit for aggregate gross proceeds of up to CAD 5,040,000. Each FT Unit will be comprised of one common share and one transferable share purchase warrant. Each Warrant shall entitle the holder to receive one non-flow-through common share at a price of CAD 0.25 per Warrant Share at any time before the date that is two years following the date of issuance.