Condor Resources Launches $1.5 Million Private Placement

Condor Resources Inc. has announced a non-brokered private placement aiming to raise up to $1.5 million. The company plans to offer up to 10 million units at $0.15 per unit. Each unit includes one common share and half a warrant, giving holders the option to purchase additional shares within 36 months.

The proceeds are intended for exploration at key projects such as the Huinac Punta and Pucamayo in Peru, as well as general corporate needs. The placement will be available in Canadian provinces, excluding Québec, under a specific financing exemption.

Units sold to Canadian subscribers are not subject to a hold period, following regulatory compliance. Closing is anticipated around December 13, contingent on necessary approvals, including from the TSX Venture Exchange.