trending Market Intelligence /marketintelligence/en/news-insights/trending/C0SOj4cqVg6oGwfqTPaQcw2 content esgSubNav
In This List

Commander Resources raises C$1M via Aston Bay shares sale

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Commander Resources raises C$1M via Aston Bay shares sale

CommanderResources Ltd. said May 2 that it has sold 3,500,000 shares ofAston Bay HoldingsLtd. to JP MorganAsset Management UK Ltd., raising gross proceeds of about C$1million.

The company retains 11 million shares, about 20.1% of theoutstanding common shares of Aston Bay.

Commander also retains a 0.875% gross overriding royalty onthe original core land holdings in the Storm copper project in Nunavut, Canada. Meanwhile,Aston Bay reserves the right to bring the royalty down to 0.4% by paying C$4.0million.

The company's strategic advisers, Red Cloud Klondike StrikeInc. and SP Angel Corporate Finance LLP, assisted in the sale.

Commander Resources Ltd. closed the sale of its Storm project to Aston Bay inFebruary.