Condor Resources to raise funds for exploration at Peru projects
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Condor Resources Inc. plans to raise $1.5 million through a private placement to fund exploration projects in Peru. The offering includes 10 million units at $0.15 each, with each unit comprising one common share and one-half of a share purchase warrant.
December 05, 2024 | 2:00 pm
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Condor Resources Inc. is conducting a private placement to raise $1.5 million for exploration in Peru. This could lead to increased exploration activity and potential future growth.
The private placement aims to raise funds for exploration, which is a positive development for Condor Resources as it could lead to new discoveries and growth. The issuance of shares and warrants may dilute existing shareholders, but the potential for increased exploration activity and future growth outweighs this in the short term.
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