Francisco de Undurraga Joins Condor's Advisory Board
January 23 2014 - 2:43PM
Marketwired Canada
Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to
announce that Mr. Francisco de Undurraga has joined the Company's Technical
Advisory Board. Mr. de Undurraga is a resident of Santiago, Chile, a significant
shareholder of the Company, and formerly served as a director.
Mr. de Undurraga is a member of the board of Sundance Investment LLC, a company
controlled by Citigroup Venture Capital International (CVCI), operating in oil
exploration in the Peruvian Amazonia since 2006. He is also the founder and
Chairman of FIP Ariston Cima, a private investment fund based in Santiago,
Chile, since 2004, and managed by BTG Pactal, one of the most important South
American investment banks. Ariston Cima manages diversified investments in the
forestry, real estate, oil and mining exploration and financial sectors. Mr. de
Undurraga has had an extensive corporate executive career, holding positions as
senior executive and CEO in several Chilean based companies that include Enersis
and Laboratorio Chile, both with wide international operations in South America
and listed on the Santiago Stock Exchange and NYSE as well. Mr. de Undurraga
originally graduated as Civil-Industrial Engineer from the Universidad de Chile
in Santiago, and subsequently graduated in Nuclear Engineering from the
International Atomic Energy Agency (IAEA) in Madrid, Spain. He also graduated
from the Stanford Executive Program at Stanford University in California.
In conjunction with his appointment to the advisory board, Mr. Undurraga has
been granted 200,000 incentive options, with an exercise price of $0.12.
The Company currently has four of its properties under active exploration by
third parties, and looks forward to a steady flow of results from these
programs. In addition, the Company is actively seeking partners on its other
projects, and reviewing new opportunities identified by its Lima based technical
team.
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 Company 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.
Lyle Davis
President & Chief Executive Officer
1-866-642-5707
info@condorresources.com
www.condorresources.com
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