VANCOUVER, March 16 /CNW/ - Commerce Resources Corp. (TSXv: CCE)
(FSE: D7H) ("Commerce") is pleased to announce that, subject to regulatory
approval, it has retained Renmark Financial Communications Inc. ("Renmark") to
provide investor relations services to the Company for a period of one year.
Renmark will present Commerce throughout North America, disseminating investor
Renmark is a full-service investor relations firm that offers a wide
range of integrated investor and financial communication services. Based in
Montreal, Quebec, their team of 25 professionals handle a client base of over
40 mineral exploration and development companies. In consideration for their
services, Commerce has agreed to pay Renmark $6,000 a month. Renmark and
Commerce act at arm's length, and Renmark has no present interest, directly or
indirectly, in the Commerce or its securities, or any right or intent to
acquire such an interest.
In addition, Commerce has granted a total of 3,000,000 incentive stock
options to directors and consultants under the Company's 2006 Stock Option
Plan. The options are being granted at various prices: a total of 500,000 will
be exercisable at a price of $0.55 until March 31, 2009, 500,000 will be
exercisable at a price of $0.75 until March 31, 2009, and 2,000,000 will be
exercisable at a price of $0.67 until March 16, 2012.
About Commerce Resources Corp.
Commerce Resources Corp. is focused on the development and exploration of
its Fir and Verity tantalum and niobium projects covering 500 square
kilometers in British Columbia, Canada. The Company is one of the most active
tantalum explorers in North America, conducting detailed exploration of its
Fir, Verity and Upper Fir deposits. Commerce Resources Corp. trades on the TSX
Venture Exchange under the symbol "CCE".
On Behalf of the Board of Directors
President and Director
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein
For further information:
For further information: David Hodge, President and Director, Tel: (604)