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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 28, 2015) - Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that it has received a loan from an insider, whereby the Company borrowed $40,000 (the "Loan"), 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% interest, and receive a 20% bonus payable in common shares of the Company at a deemed price of $0.05 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 (4) month hold period. Proceeds from the Loan will be used to maintain mineral projects and exploration efforts in Peru, and for working capital. Condor is a project generator focused exclusively on Peru, and our objective is the discovery of a major new precious metals or base metals deposit. Project acquisition and development is managed by our Lima based exploration 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.
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Condor Resources Inc.
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EXPLORATEUR |
CODE : CN.V |
ISIN : CA20676U1049 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Condor Res. est une société d’exploration minière d'argent et d'or basée au Canada. Condor Res. détient divers projets d'exploration au Chili, au Perou et en Argentine. Ses principaux projets en exploration sont CONDOR DE ORO, CHAVIN, LA LIBERTAD, PUCAMAYO, CONDORO et OCROS au Perou et EL DORADO ARGENTINA SALTA en Argentine. Condor Res. est cotée au Canada et au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 17,9 millions CA$ (13,0 millions US$, 11,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 04 février 2011 à 3,70 CA$, et son plus bas niveau récent le 05 février 2016 à 0,02 CA$. Condor Res. possède 102 060 000 actions en circulation. |