Condor Upsizes Brokered Financing to $15 Million, With Participation by Lead Investors EurAsia Resource Value S.E. and Other Strategic Investors

CALGARY, Alberta, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR) is pleased to announce that, due to strong investor demand, it has upsized its previously announced brokered, marketed offering of common shares of Condor (“Common Shares”) under the Listed Issuer Financing Exemption (the “LIFE Offering”) by up to $5,000,000 by way of a private placement to accredited investors (the “Accredited Investor Offering”). The Common Shares placed under the Accredited Investor Offering will be issued at a price of $1.90 per Common Share, resulting in aggregate gross proceeds of up to $15,000,000 under the combined LIFE Offering and Accredited Investor Offering (collectively, the “Offering”).

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