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Published on 5/12/2006 in the Prospect News PIPE Daily.

New Issue: Commander Resources settles private placement for C$1.7 million

By Sheri Kasprzak

New York, May 12 - Commander Resources Ltd. wrapped a C$1.7 million non-brokered private placement.

The company sold 3,695,652 flow-through shares at C$0.46 apiece.

Vancouver, B.C.-based Commander is a uranium exploration company.

Issuer:Commander Resources Ltd.
Issue:Flow-through shares
Amount:C$1.7 million
Shares:3,695,652
Price:C$0.46
Warrants:No
Placement agent:Non-brokered
Settlement date:May 11
Stock symbol:TSX Venture: CMD
Stock price:C$0.415 at close May 11

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