Condor Announces Closing of Fully Subscribed $3.7 Million Private Placement Financing

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Last update: Dec 14, 2022

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CALGARY, Alberta, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), is pleased to announce the closing of its previously announced and fully subscribed private placement of 10,966,019 common shares of the Company (the “Common Shares”) at a price of $0.34 per Common Share for aggregate gross proceeds of $3,728,447 (the “Offering”). The fully subscribed Offering is led by the lead investor and largest shareholder of the Company, EurAsia Resource Value S.E., and together with other strategic investors and management and insiders of the Company.