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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. |
