11:54:53 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Condor Resources Inc
Symbol CN
Shares Issued 85,703,241
Close 2015-10-27 C$ 0.025
Market Cap C$ 2,142,581
Recent Sedar Documents

Condor Resources receives $40,000 loan from insider

2015-10-28 17:05 ET - News Release

Mr. Lyle Davis reports

CONDOR COMPLETES LOAN TRANSACTION

Condor Resources Inc. has received a loan from an insider, whereby the company borrowed $40,000 for a term of one year, repayable in cash at the expiry of the term. Under the terms of the loan, the lender will be paid 10-per-cent interest and receive a 20-per-cent bonus, payable in common shares of the company at a deemed price of five cents per share totalling 160,000 common shares in recognition of the unsecured nature of the loan. The shares issued pursuant to this loan agreement are subject to a four-month hold period.

Proceeds from the loan will be used to maintain mineral projects and exploration efforts in Peru and for working capital.

We seek Safe Harbor.

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