21:05:08 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Condor Resources Inc
Symbol CN
Shares Issued 81,203,241
Close 2015-03-04 C$ 0.05
Market Cap C$ 4,060,162
Recent Sedar Documents

Condor Resources provides details on $200,000 financing

2015-03-05 16:00 ET - News Release

Mr. Lyle Davis reports

CONDOR PROVIDES ADDITIONAL DETAILS ON PREVIOUSLY ANNOUNCED $200,000 FINANCING

Further to its news release of Feb. 26, 2015, disclosing its non-brokered private placement of units to raise up to $200,000 (as defined in the Feb. 26, 2015, news release) at a price of five cents per unit, Condor Resources Inc. has provided the following details with respect to the offering.

The offering is not subject to any minimum total subscription.

The offering is being made available to both accredited investors and existing shareholders of Condor, who as of the close of business on Feb. 25, 2015, held common shares of Condor (and who continue to hold common shares of Condor at the time of closing), pursuant to the prospectus exemptions set out in British Columbia Instrument 45-534 and in similar instruments in other provinces of Canada. In accordance with the existing shareholder exemption, the company confirms there is no material fact or material change related to the company that has not been generally disclosed.

Unless the company determines to increase the gross proceeds of the offering and receives exchange approval for such increase, if subscriptions received for the offering based on all available exemptions exceed the maximum offering amount of $200,000, subscriptions will be accepted at the discretion of the company. If the offering is oversubscribed, subscriptions, pursuant to the existing shareholder exemption, will be prorated among the existing shareholders in accordance with their respective shareholdings on the record date.

We seek Safe Harbor.

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