February 08, 2013
|Commerce Resources Corp. (the “Company” or “Commerce”) announces that it has granted 4,300,000 incentive stock options. Subject to the approval of the TSX Venture Exchange (the “Exchange”), each stock option is exercisable into one common share of the Company at a price of $0.15 per share for a period of five years. Of the options granted 3,450,000 are issuable to directors and officers of the Company.|
The Company also announces the re-pricing of 1,985,000 incentive stock options issued to consultants of the Company, to reflect current market conditions and subject to the approval of the Exchange. The options originally granted in 2009, 2010 and 2011 at prices ranging from $0.26 to $0.81. The new exercise price for these options will be $0.15 per share.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
President and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
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, approval not being received for the re-pricing of the stock options or approval for the new issuance from the TSX Venture Exchange. As well, economic, competitive, governmental, environmental and technological factors may affect the Company’s operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.