10 Mar 2008capital raising announcement▲ GoodMajor
On March 7, 2008, Commerce gave Manti Holdings LLC of Corpus Christi, Texas a 30-day exclusive option to review the San Sebastian property. If shareholders approve, Manti could buy 1,300,000 shares at $1.00 per share in a private placement, with proceeds funding drilling and working capital for six months. After that Manti could acquire Commerce's mining venture interest for cash plus a share of net smelter return, if it keeps up minimum spending over two years.