Condor Resources Restructures Payment and Cancels Offering

Condor Resources (TSE:CN) has released an update.

Condor Resources Inc. has restructured a payment agreement with Element79 Gold Corp. regarding the Lucero Project in Peru, increasing the payment to $1.1 million with a secured pledge of shares. Additionally, Condor has canceled a planned private placement, opting for potentially less dilutive capital raising opportunities next year.

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