The company announces the closing today of its initial public offering of 16,667,000 common shares of the company at a price of $0.60 per share resulting in gross proceeds of $10,000,200.
Commander reports that following it has acquired a large area of land covering the strike extent of rock formation hosting geochemical anomalies and gold, silver and base metals mineralization adjacent to the Sabin property in Ontario.
After months of negotiations and legal reviews Silvore Fox Minerals and its Chilean subsidiary have determined it is no longer in the best interests of their shareholders to close the acquisition of the Totoral and Harvest properties.
The Company's testimony focused on the economic and environmental opportunities to recover valuable minerals, bitumen and solvents currently being lost in oil sands tailings ponds.
