Condor Announces Increase to Previously Announced Financing
October 30 2013 - 1:26PM
Marketwired Canada
Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to
announce that, subject to acceptance by the TSX Venture Exchange, the size of
the Company's private placement announced on October 3, 2013 has been increased
from 10 million Units, to up to 12.5 million Units, at $0.05 per Unit, thereby
increasing the amount raised from $500,000 to up to $625,000. Each Unit consists
of one share and one non-transferable share purchase warrant (a "Warrant"). Each
Warrant will entitle the holder to purchase one additional common share of the
Company at a price of $0.075 until the fifth anniversary of the Closing. Earlier
in October, the Company closed on 10 million Units.
ON BEHALF OF THE BOARD
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
www.condorresources.com
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