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Tuesday, July 26, 2011
Condor Warrants Exercised; AGM Scheduled
Vancouver, B.C., July 26, 2011 -- Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to announce that over 97% of the warrants expiring on July 20, 2011 were exercised. Subsequent to publishing its year-end financial statements on June 30th, Condor has received further funds of $354,747 from the exercise of 3,547,470 warrants. The proceeds from the exercise of warrants will be used for working capital purposes and to fund ongoing exploration work. The Company's working capital is now approximately $4 million.
The Company's Annual General Meeting is scheduled for 10:00 a.m. August 30th, and will be held at Suite 1040, 999 W. Hastings St., Vancouver, B.C., V6C 2W2. Record date for the AGM is July 26, 2011.
About Condor Resources Inc.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of gold and copper projects in South America, where management has extensive experience and a proven track record of discovery. The Company's long term objective is the discovery of a major new gold and/or base metal deposit, and its business plan offers shareholders access to an exciting and growing portfolio of discovery stage properties, including six projects in Chile, and nine projects in Peru, each offering a unique path to discovery.
ON BEHALF OF THE BOARD Patrick J. Burns, President & Chief Executive Officer
For further information please contact Timea Carlsen at 778-998-2473, or by email at: tcarlsen@condorresources.com
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.
View News Release on the website: http://www.condorresources.com/s/NewsReleases.asp?ReportID=468644 | |
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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 19,9 millions CA$ (14,7 millions US$, 13,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 04 février 2011 à 3,70 CA$, et son plus bas niveau récent le 05 février 2016 à 0,02 CA$. Condor Res. possède 102 060 000 actions en circulation. |