Condor Announces Increase to Previously Announced Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 30, 2013) - Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that, subject to acceptance by the TSX Venture Exchange, the size of the Company's private placement announced on October 3, 2013 has been increased from 10 million Units, to up to 12.5 million Units, at $0.05 per Unit, thereby increasing the amount raised from $500,000 to up to $625,000. Each Unit consists 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 $0.075 until the fifth anniversary of the Closing. Earlier in October, the Company closed on 10 million Units.
ON BEHALF OF THE BOARD
Lyle Davis, President & Chief Executive Officer
Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Corporation does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
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