Condor Resources Inc. (TSX-V: CN) has increased its private placement with Dundee Securities Corporation by 1,000,000 units to a total of 11,000,000 units at a price of $0.30 per unit resulting in $3,300,000 in gross proceeds.
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Each unit will contain 1 common share and 1/2 of a non-transferable common share purchase warrant. A whole warrant can be exercised for 1 common share at a price of $0.40 for a 12 month period from the closing date. The other terms related to the private placement remain the same.
Condor Resources Inc.(Condor) is a Canada-based exploration-stage company. The Company is engaged in the business of evaluating, acquiring and developing natural resource properties in Chile and Peru.
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