SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 5, 2002
Commerce Group Corp.
- -------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Wisconsin 1-7375 39-1942961
- -------------------------------------------------------------------------
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
6001 North 91st Street, Milwaukee, Wisconsin 53225-1795
- -----------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (414) 462-5310
fax: (414) 462-5312
ITEM 5. OTHER EVENTS MATERIAL DISCLOSURE
This news release is to be released via PR Newswire after the filing of
this Securities and Exchange Commission Form 8-K:
COMMERCE GROUP CORP. IS ISSUED MINING PERMITS FROM THE EL SALVADOR
GOVERNMENT
Milwaukee, Wisconsin--Commerce Group Corp. (Commerce) is pleased to
announce that the Office of the El Salvador Minister of Environment has
granted to it two environmental permits: the permit for the San
Sebastian Gold Mine (SSGM) located near the City of Santa Rosa de Lima
was granted on October 21, 2002; and the permit for the San Cristobal
Mill and Plant located near the City of El Divisadero was granted on
October 15, 2002. Both operations are located in the Republic of El
Salvador, Central America.
The environmental permits were required in order to proceed with the
submission of Commerce's application with the Ministry of Economy's
office of the Department of Hydrocarbons and Mines to renew and extend
its SSGM exploitation concession/license for a period of 30 years. On
November 5, 2002, this application was filed.
In addition to the renewal of the SSGM exploitation concession/license,
on October 30, 2002, Commerce filed two exploration concessions. The
first concession/license is known as the new SSGM concession. This
expanded area of 42 square kilometers includes the SSGM exploitation
concession/license. It also includes three formerly known gold mines
identified as: the La Lola Mine. the Santa Lucia Mine, and the Tabanco
Mine.
The second concession application known as Nueva Esparta is an area of 45
square kilometers. This concession is in an area north and west of the
SSGM in a mineralized belt zone and includes the following eight mines
that were formerly believed to be productive: the Grande Mine, the Las
Pinas Mine, the Oro Mine, the Montemayor Mine, the Banadero Mine, the
Carrizal Mine, the La Joya Mine, and the Copetillo Mine.
The combination of these two concessions now consist of an area of 87
square kilometers in which there are eleven known gold/silver mines which
provide Commerce with a future of exceptional exploration opportunities.
Commerce's goal is to increase its precious metal reserves and to
announce more good news.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COMMERCE GROUP CORP.
(Registrant)
/s/ Edward L. Machulak
Date: November 6, 2002 __________________________________________
By: Edward L. Machulak, President