Condor Further Upsizes Brokered Financing to $17 Million, With Participation by Lead Investors Eurasia Resource Value S.E. And Other Strategic Investors

CALGARY, Alberta, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR) is pleased to announce that, due to continuing strong investor demand, it has further upsized its previously announced brokered, marketed offering of common shares of Condor (“Common Shares”). Pursuant to the upsize, the Company will be issuing Common Shares at a price of $1.90 per Common Share, of which $10,000,000 will be under the Listed Issuer Financing Exemption (the “LIFE Offering”) and $7,000,000 by way of a private placement to accredited investors (the “Accredited Investor Offering”), resulting in aggregate gross proceeds of $17,000,000 (collectively, the “Offering”).

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