Condor Closes First Tranche of Private Placement
October 11 2013 - 6:41PM
Marketwired Canada
Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to
announce that it has closed the first tranche of the non-brokered private
placement announced October 3, 2013.
The Company issued 5.9 million units at a price of $0.05 per unit, with each
unit consisting of one share and one warrant; one warrant is exercisable at
$0.075 per share prior to October 10, 2018. The shares and any shares issued on
exercise of the warrants are subject to a four month hold period expiring
February 11, 2014. No commissions or finder's fees were paid in connection with
the private placement.
The net proceeds of the private placement will be used to support the Company's
project generation activities, and for working capital.
Lyle Davis, President & Chief Executive Officer
Cautionary Statement Regarding Forward-Looking Information: All statements,
trend analysis and other information contained in this press release relative to
markets about anticipated future events or results constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Corporation does not undertake any
obligation to update forward-looking statements even if circumstances or
management's estimates or opinions should change. Investors should not place
undue reliance on forward-looking statements.
Neither the 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 news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Condor Resources Inc.
1-866-642-5707
info@condorresources.com
Condor Resources (TSXV:CN)
Historical Stock Chart
From Feb 2025 to Mar 2025
Condor Resources (TSXV:CN)
Historical Stock Chart
From Mar 2024 to Mar 2025
Real-Time news about Condor Resources Inc (TSX Venture Exchange): 0 recent articles
More Condor Resources Inc. News Articles