Commerce Resources Corp. Announces LEI Number
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Commerce Resources Corp. Announces LEI Number
November 17, 2017 - Commerce Resources Corp. (TSXv: CCE, FSE: D7H) (the Company or Commerce) announces that it has been assigned the Legal Entity Identifier (LEI) number 529900D756K6RCKHZ250. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.
About the Legal Entity Identifier (LEI)
The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies, banks, and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Brse Group has stated that the LEI will clearly assist the regulatory authorities in monitoring and analysing threats to the stability of the financial markets, (but) it can also be utilised by counterparties internally for risk management purposes.
Commerce Resources Corp. meets the requirement for all companies listed on German Stock Exchanges (ie. Frankfurt Stock Exchange) to have an LEI number by January 3, 2018.
According to the website of the Deutsche Brse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices. (See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier)
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The Company is focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Upper Fir Tantalum and Niobium Deposit in British Columbia. For more information visit http://www.commerceresources.com or contact Investor Relations at 604.484.2700 or info(at)commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
Chris Grove
President
Tel: 604.484.2700
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leseranfragen:
Commerce Resources ist ein Explorations- und Erschließungsunternehmen, das sich auf Vorkommen von Seltenerdmetallen und seltenen Metallen konzentriert. Der Schwerpunkt des Unternehmens liegt auf der Erschließung der Seltenerdmetalllagerstätte Ashram im Konzessionsgebiet Eldor in Quebec und der Tantal- und Nioblagerstätte Upper Fir im Projekt Blue River in British Columbia.
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Datum: 17.11.2017 - 09:07 Uhr
Sprache: Deutsch
News-ID 568509
Anzahl Zeichen: 2536
contact information:
Town:
Wien
Kategorie:
Business News
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