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Condor Resources Inc Announces $500,000 Financing; Appointment Of Lyle Davis As President


Thursday, 3 Oct 2013 03:10pm EDT 

Condor Resources Inc announced that it has arranged a non brokered private placement to raise gross proceeds of up to $500,000 (the Offering).The private placement will consist of up to 10,000,000 units at a price of $0.05 per unit (the Units), with each Unit consisting 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. The net proceed of the Offering will be used for working capital. In addition, the Company announced the appointment of Lyle Davis as President of the Company in addition to his position as Chief Executive Officer. The Board wishes to thank Patrick Burns, the outgoing President, for his contributions to the Company as the founding director of the Company and as a senior officer for the past ten years. The Board looks forward to Mr. Burns' continued contributions to the Company as a director. 

Company Quote

0.07
0.0050 +7.69%
17 Apr 2014