Commander Resources Ltd. (CMD.V) 2012年年度报告「TSX-V」.pdf

1、 2012 ANNUAL REPORT Dear Fellow Shareholders:Fiscal 2012 was a year of both challenges and significant progress.All through the year,we faced arduous economic headwinds.Our junior high risk investment market experienced uncertain times,to say the least.I want to remind you of some of the ways that C

2、ommanders leveraging strategies and strategic partnerships have helped us weather the storm we are seeing now.OUR UNIQUE BUSINESS MODEL IN ACTION:To move Commander forward we continued to capitalize on our commitment to leveraging existing properties and realizing profit from equity holdings.We star

3、ted the year by selling the remaining 50%interest in the Green Bay Property in Newfoundland to Maritime Resources(MAE-TSX),in exchange for 5 million shares of Maritime.After completing the transaction and transfer of the property to Maritime,Commander held 17 million shares of MAE and retained a 2%N

4、SR royalty on any future production from most of the property.These 17 million shares represented 64.15%of the 26.5 million common shares of Maritime Resources that were issued and outstanding at that time.One month later,we entered into an agreement to sell 4.5 million shares of MAE through a priva

5、te transaction with the cash proceeds netting us over$1million.With this sale,Commander realized immediate and significant value,providing cash to the treasury without any shareholder dilution.Maritime spent over$600,000 working on the Newfoundland gold deposits in 2012 and is now in the process of

6、obtaining a NI-43-101 Resources Estimate.Commander continues to be exposed to the future upside of Maritime through its remaining equity stake and a royalty on future production from the Green Bay Property.On our Storm Copper/Zinc Property in Nunavut,Aston Bay signed an Option Agreement in November,