On October 30, 2023, Commerce Resources Corp. closed the transaction. The company amended the terms of the transaction and issued 68,174,150 units at a price of CAD 0.08 per unit for gross proceeds of CAD 5,453,932 in an over-subscribed transaction. The Company paid cash finder?s fees as follows: CAD 3,448 to Canaccord Genuity Corp., CAD 4,396 to PI Financial Corp., CAD 132,000 to Churchill SIG Pty Ltd., CAD 6,160 to EDE Asset Management Inc., CAD 2,800 to Glores Securities Inc. and CAD 840 to Haywood Securities Inc. In addition, the Company issued 5,600 finder?s warrants to Canaccord, 54,950 finder?s warrants to PI, 4,950,000 finder?s warrants to Churchill, 6,160 finder?s warrant to EDE, 35,000 finder?s warrants to Glores and 10,500 finder?s warrants to Haywood.
On November 1, 2023, the company corrected that it has issued 68,174,750 units for gross proceeds of CAD 5,453,980. The transaction include participation from 106 placees and a investor. Finder's fee is paid CAD 149,644 in transaction. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on September 18, 2023.The transaction included participation from 2 non accredited investors.