VANCOUVER, May 15 /CNW/ - Commerce Resources Corp. (TSXv: CCE) (FSE: D7H)
(the "Company") is pleased to announce the appointment of Mr. Sven Olsson to
the Board of Directors.
Mr. Olsson has held the position of Director of Media and Corporate
Communications for AXINO AG, a European consulting firm specializing in
communications for companies in the resource sector, since 2001. In his role
with AXINO AG, Sven was responsible for investor relations in Europe for
numerous major and micro-cap resource based companies in all phases of
development. His network of contacts within the mining and financial
communities as well as media extends across Europe and North America.
In addition, the Company has received TSX Venture Exchange approval of
the re-pricing of 4,220,000 incentive stock options. The options were
originally granted in 2006 and 2007 at prices ranging from $0.30 to $1.15 and
now bear an exercise price of $0.26 per share.
All other resolutions presented by management at its Annual General
Meeting, held on May 8, 2009, have been approved. The Company would like to
thank its shareholders for the support and strong vote of confidence reflected
in the voter turnout.
On Behalf of the Board of Directors
President and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts 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.
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 economic, competitive, governmental,
environmental and technological factors 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; 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 for tantalum & niobium 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 of
its audited financial statements filed with the British Columbia Securities
For further information:
For further information: David Hodge, President and Director, Tel: (604)