NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
CALGARY, Alberta, Nov. 22, 2022 (GLOBE NEWSWIRE) — Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), is pleased to announce that it has entered into an agreement with Research Capital Corporation, as the sole agent and sole bookrunner (the “Agent”), in connection with a best efforts, private placement of up to 10,966,019 common shares of the Company (the “Common Shares”) at a price of $0.34 per Common Share (the “Offering Price”) for aggregate gross proceeds of up to $3,728,447 (the “Offering”). The lead investor and largest shareholder of the Company, EurAsia Resource Value S.E., and together with certain other strategic investors and insiders of the Company are expected to subscribe into the Offering for an aggregate of approximately $2.3 million in gross proceeds. The insiders of the Company are expected to subscribe into the Offering for such maximum amount permissible under regulatory policies.
All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator
Read more from original source here…