On September 6, 2024, Commander Resources Ltd. (TSXV: CMD) confirmed the expiration of an unsolicited all-cash takeover bid from FruchtExpress Grabher GmbH & Co KG (FEx) due to failure to meet tender conditions. Both parties have mutually agreed to let the bid expire and are looking forward to collaborating on future endeavors. The company expresses gratitude to shareholders for their support.
Commander’s Board and Management are committed to a successful strategy that focuses on building a Canada-based copper explorer with a substantial copper-gold exploration portfolio. The company has three porphyry copper-gold projects, a high-grade copper-gold VMS project, and a carried interest in a copper-gold project, among other assets. With a strong treasury and a tight capital structure, Commander is well-positioned to explore value-maximizing opportunities for shareholders through options or direct M&A activities.
More information about the company’s corporate strategy and goals can be found on Commander’s website.
The company has engaged GenCap Mining Advisory as its financial advisor, Harper Grey LLP as its legal advisor, and Laurel Hill Advisory Group for proxy solicitation and advisory services.
Robert Cameron, P. Geo. is the qualified person responsible for the technical aspects of this release. Commander Resources Ltd. is a Canadian exploration company that leverages partnerships and sole-funded exploration for success. The company plans to drill priority projects, advance or partner out owned exploration projects, and seek special opportunities to enhance exposure to premium exploration projects.
This news release may contain forward-looking statements subject to risks and uncertainties. The Company does not guarantee future performance, and actual results may differ from forward-looking statements due to various factors. Readers are advised to evaluate uncertainties independently, as the company does not assume an obligation to update forward-looking statements.
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