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| Home : Condor Announces Equity Financing and Loan Transaction |
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Sep 25
2015 |
Condor Announces Equity Financing and Loan Transaction |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 24, 2015) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that it has arranged a non brokered private placement to raise gross proceeds of up to $100,000 (the "Offering"). The private placement will consist of up to 5,000,000 units at a price of $0.02 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 $0.05 until the second anniversary of the Closing. Warrants will be subject to an accelerated expiry: if the closing price equals or exceeds $0.10 per share for 10 consecutive trading days, then the exercise period of the Warrants shall be reduced to 30 days, with the reduced period commencing seven calendar days following the tenth consecutive trading day. |
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| Source:http://www.marketwired.com/mw/release.do?id=2058439&sourceType=3 |
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