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Condor Resources Inc. has announced a non-brokered private placement offering, aiming to raise up to $1.5 million through the sale of units priced at $0.15 each. This initiative is part of the company's strategy to fund exploration projects and enhance its corporate activities.
Condor Resources Inc. (TSXV:CN) has initiated a private placement offering, known as the LIFE Offering, which allows the company to raise significant capital for its ongoing projects. The offering is structured to attract investors by providing a combination of shares and warrants, enhancing the potential for returns.
The LIFE Offering will consist of:
Investors holding the warrants will have the opportunity to purchase additional shares at specified prices:
The net proceeds from the LIFE Offering are earmarked for:
The offering will adhere to the regulations set forth in National Instrument 45-106, allowing for a streamlined process in raising funds. The units will be available to investors across Canada, excluding Québec, and will not be subject to a hold period under Canadian securities laws, with certain exceptions for insiders and consultants.
Condor Resources' strategic move to launch a private placement offering reflects its commitment to advancing its exploration projects and strengthening its financial position. Investors are encouraged to review the offering document available on the company's website and consider the potential benefits of participating in this opportunity.
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