Commerce Resources Corp. (TSXV:CCE) announced a non-brokered private placement of up to 8,064,516 common shares at a price of CAD 0.31 for gross proceeds of up to CAD 2.5 million on December 21, 2020. The transaction included participation form insiders of the company. All securities issued will be subject to a statutory hold period expiring four months and one day after closing. The closing of transaction is subject to the approval of the TSX Venture Exchange. The company may pay finder's fees in accordance with the policies of the TSX Venture Exchange.