Investors
The Company intends to finance the ongoing exploration and marketing of the Blue River deposit with a five-cent private placement unit for up to $2,000,000. The financing will facilitate an updated 43-101 technical report and a new strategic plan to move the company forward. The financing will rely on exciting exceptions and preference will be given to Commerce and Zimtu shareholders.
Financial Summary
| Completed | Units | Proceeds | |
|---|---|---|---|
| Founders Round shares issued @ $0.02 | 25,490,000 Escrowed | ||
| 2-year warrants: 25,490,000 | If exercised Year1 $0.10 | ($2,549,000) | |
| If Exercised Year2 $0.20 | ($5,098,000) | ||
| Issued for acquisition of Blue River Assets to be dividended to Commerce Resources shareholders. | 20,000,000 | n/a | |
| Total Current Issued and Outstanding | 45,490,000 | $509,800 |
| Proposed | Units | Proceeds | |
|---|---|---|---|
| Current Financing @ $0.05 2-Year warrant $0.10/$0.20 | Up to 40,000,000 | Target Raise: $2,000,000 |