June 02, 2009
June 2, 2009- Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (the “Company”) announces that it has applied to the TSX Venture Exchange (the “Exchange”) for an extension to the expiry date of a total of 27,581,817 share purchase warrants issued in 2007.
Of the warrants, 290,000 share purchase warrants were issued in connection with the acquisition of the Eldor Property from Virginia Mines and 27,291,817 share purchase warrants were issued in connection with the $1.20 private placement of units in 2007. All of the warrants are set to expire between June and August, 2009. The extension of the expiry date of the warrants is subject to Exchange approval.
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 economic, competitive, governmental, environmental and technological factors 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; 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 for tantalum & niobium 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 of its audited financial statements filed with the British Columbia Securities Commission.