Zimtu buying at Commerce Resources (CCE)

Zimtu buying at Commerce Resources (V:CCE)

Zimtu Capital Corp., a 10% Holder, acquired 5,061,500 Common Shares on a direct ownership basis at a price of $0.260 through a private transaction on October 15th, 2019. The insider also acquired 5,061,500 Warrants entitling the holder to purchase one share at a price of $0.35 per share for the first year, and $0.50 for the second year.  This represents a $1,315,990 investment into the company's shares and an account share holdings change of greater than 100%.

Commerce Resources is in the Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.

Commerce Resources Corp. is a mineral exploration and development company. The Company's primary focus is on rare earth elements (REEs) and the rare metals tantalum and niobium. It is focused on the development of its Ashram Rare Earth Deposit at the Eldor Property in Quebec, and its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia. Its principal assets are the Eldor Property in Quebec and the Blue River Tantalum-Niobium Project in British Columbia. The Eldor Property is situated in northern Quebec approximately 130 kilometers south of the town of Kuujjuaq. The property consists of approximately 400 claims comprising approximately 19,010 hectares, including the Ashram Rare Earth Deposit. Its Blue River claims are located in the Blue River region of the Kamloops Mining District of British Columbia, Canada. Other claims consist of mineral claims located in British Columbia, Canada known as the Alan Parson, Carbo claims and Treasure Mountain Property. Commerce Resources Corp. (CCE) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a net amount of $1,315,990.