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Commander Resources Signs $15 Million Option Agreement on Storm Copper Property; Shares Nearly Touch Year Low

Commander Resources Ltd. (CMD.V) announced today that it has entered into an option agreement with a newly created private corporation, Aston Bay Ventures, where Aston will gain the right to earn up to a 70% interest in Commander's wholly owned Storm Property, Nunavut.

The company said Aston Bay will issue a total of 3 million shares to Commander, making total cash payments of $150,000 and funding $15 million in exploration expenditures.

CMD shares went down about 4% and were trading just a cent above year low 13 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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