00:40:52 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Condor Resources Inc
Symbol CN
Shares Issued 81,203,241
Close 2015-03-24 C$ 0.04
Market Cap C$ 3,248,130
Recent Sedar Documents

Condor Resources completes $225,000 private placement

2015-03-27 15:28 ET - News Release

Mr. Lyle Davis reports

CONDOR CLOSES $225,000 PRIVATE PLACEMENT

Condor Resources Inc. has closed the non-brokered private placement announced on Feb. 26, 2015.

The private placement was oversubscribed, and the company issued 4.5 million units at a price of five cents per unit, with each unit consisting of one share and one warrant. One warrant is exercisable at five cents per share prior to March 28, 2017. All the securities issued are subject to a four-month hold period expiring on July 28, 2015.

After the four-month hold period, the warrants are subject to an accelerated expiry. If the closing price equals or exceeds 10 cents per share for 10 consecutive trading days, then the exercise period of the warrants shall be reduced to 30 days, with the reduced period commencing seven calendar days following the 10th consecutive trading day.

No commissions or finders' fees were paid in connection with the private placement.

The net proceeds of the private placement will be used for working capital and to support the company's project generation activities.

We seek Safe Harbor.

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