Commerce Resources Raises $5M for Quebec Drilling

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

Commerce Resources Corp. has successfully completed a non-brokered private placement, raising $5.04 million through the sale of flow-through units. Each unit, priced at $0.18, includes a common share and a purchase warrant, with the proceeds earmarked for exploration expenses and an upcoming drilling program in Quebec. The company also paid finder’s fees in cash and warrants to Churchill for their role in the transaction.

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