Commerce Resources: Lean and Mean - A Fighting Machine
Today, Commerce Resources Corp. announced plans to complete a consolidation of its issued and outstanding common shares on the basis of 1 new share for every 10 currently outstanding shares, therefore reducing the number of outstanding shares from 310,496,558 to approximately 31,049,655.
Commerce Resources believes that this share consolidation will both enhance the marketability of the company as an investment and better position the company to raise the funds necessary to execute its business plan. The share consolidation is subject to approval by the TSX Venture Exchange.
I am confident that this consolidation should put Commerce Resources into the most attractive spot for a REE (Rare Earth Element) junior with a tight capital structure that will be highly financeable for anyone (private, institutional, and strategic investors along with bankers) looking to position themselves in this vital commodity space that appears on the cusp of a new bull market.
Commerce Resources is engaged in the business of acquiring, exploring, developing and evaluating mineral resource properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. Co. is in the exploration stage and has interests in properties located in British Columbia and Quebec, Canada. The recoverability of amounts shown for resource properties is dependent upon the discovery of economically recoverable reserves, continuation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain financing to complete their development, and future profitable production or disposition thereof.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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