Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (“the Company”) is pleased to announce that it has received Tier 1 status on the TSX Venture Exchange. This reclassification recognizes the financial strength, management expertise, and significant geological merit of the Blue River Project.
Tier 1 is the TSX Venture Exchange’s premier tier and is reserved for the Exchange’s most advanced issuers with the most significant financial resources. Tier 1 Issuers have eased filing requirements and improved service standards. In addition, it also increases the opportunity for additional institutional participation in the Company.
“This advancement to Tier 1 will allow Commerce to take advantage of a more favorable regulatory environment,” said Shaun Ledding, Director of Commerce Resources Corp. “Our graduation demonstrates our commitment to continued growth as an exploration and development-stage company.”
About Commerce Resources Corp.
Commerce Resources Corp.’s stated goal is to become the world’s next source of tantalum and niobium. Commerce is an active tantalum and niobium explorer in North America, with a focus on developing the Upper Fir Deposit in British Columbia and the Eldor Deposit in Quebec.
Detailed information on both deposits may be viewed in the Company’s public disclosure on SEDAR.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
President and Director
Tel: 604 484 2700
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.
Forward-looking statements in this release include statements regarding the increased opportunity for institutional investment; our commitment to continued growth as an exploration and development-stage company; and our .goal to become the world’s next source of tantalum and niobium It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration or development; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our property; that we may not complete environmental programs in a timely manner or at all; market prices may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis filed with the British Columbia Securities Commission.