Commerce Resources Corp. (TSXV:CCE) announced non-brokered private placement of up to 9,523,809 units at a price of CAD 0.21 per unit for gross proceeds of up to CAD 2,000,000 on November 5, 2020. The transaction may include participation from the insiders of the company. Each unit will consists of one common share and one share purchase warrant. Each warrant is exercisable at CAD 0.29 per share for a period of 5 years from closing. 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.