VANCOUVER, Feb. 14 /CNW/ - Commerce Resources Corp. (TSXv: CCE) (FSE:
D7H) ("the Company") is pleased to announce that it has received Tier 1 status
on the TSX Venture Exchange. This reclassification recognizes the financial
strength, management expertise, and significant geological merit of the Blue
Tier 1 is the TSX Venture Exchange's premier tier and is reserved for the
Exchange's most advanced issuers with the most significant financial
resources. Tier 1 Issuers have eased filing requirements and improved service
standards. In addition, it also increases the opportunity for additional
institutional participation in the Company.
"This advancement to Tier 1 will allow Commerce to take advantage of a
more favorable regulatory environment," said Shaun Ledding, Director of
Commerce Resources Corp. "Our graduation demonstrates our commitment to
continued growth as an exploration and development-stage company."
About Commerce Resources Corp.
Commerce Resources Corp.'s stated goal is to become the world's next
source of tantalum and niobium. Commerce is an active tantalum and niobium
explorer in North America, with a focus on developing the Upper Fir Deposit in
British Columbia and the Eldor Deposit in Quebec.
Detailed information on both deposits may be viewed in the Company's
public disclosure on SEDAR.
On Behalf of the Board of Directors
President and Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are
forward-looking statements, including any statements regarding beliefs, plans,
expectations or intentions regarding the future.
Forward-looking statements in this release include statements regarding
the increased opportunity for institutional investment; our commitment to
continued growth as an exploration and development-stage company; and our goal
to become the world's next source of tantalum and niobium. It is important to
note that actual outcomes and the Company's actual results could differ
materially from those in such forward-looking statements. Risks and
uncertainties include, but are not limited to, economic, competitive,
governmental, environmental and technological factors that may affect the
Company's operations, markets, products and prices. Factors that could cause
actual results to differ materially may include misinterpretation of data;
that we may not be able to get equipment or labour as we need it; that we may
not be able to raise sufficient funds to complete our intended exploration and
development; that our applications to drill may be denied; that weather,
logistical problems or hazards may prevent us from exploration or development;
that equipment may not work as well as expected; that analysis of data may not
be possible accurately and at depth; that results which we or others have
found in any particular location are not necessarily indicative of larger
areas of our property; that we may not complete environmental programs in a
timely manner or at all; market prices may not justify commercial production
costs; and that despite encouraging data there may be no commercially
exploitable mineralization on our properties. Readers should refer to the risk
disclosures outlined in the Company's Management Discussion and Analysis filed
with the British Columbia Securities Commission.
For further information:
For further information: on Commerce Resources Corp. and the Blue River
Tantalum-Niobium Property, visit the corporate website at
www.commerceresources.com, or contact Investor Relations at (604) 484-2700 or
toll free at (866) 484-2700