Strategic Investor Crescat Capital to Participate in Condor's Private Placement of up to $1.5 Million
Condor Resources (TSXV:CN) has announced that strategic investor Crescat Capital will participate in the company's LIFE Offering Private Placement of up to $1.5 million. Crescat will subscribe for $500,000 through Crescat Portfolio Management on behalf of its Pooled Investment Funds.
The net proceeds will be used for exploration at the Huinac Punta Project, the Pucamayo Project, and general corporate purposes. Company insiders will also subscribe for a significant portion of the placement.
Kevin Smith, Crescat Capital's Founder and CEO, expressed confidence in Condor's technical expertise and highlighted Peru's potential for high-grade epithermal gold systems, citing examples like Yanacocha and Pierina mines.
Condor Resources (TSXV:CN) ha annunciato che l'investitore strategico Crescat Capital parteciperà all'offerta privata LIFE della società, per un massimo di 1,5 milioni di dollari. Crescat sottoscriverà 500.000 dollari tramite Crescat Portfolio Management per conto dei suoi Fondi di Investimento Collettivo.
Il ricavato netto sarà utilizzato per l'esplorazione del Progetto Huinac Punta, del Progetto Pucamayo e per scopi aziendali generali. Anche gli insider della società sottoscriveranno una parte significativa dell'offerta.
Kevin Smith, fondatore e CEO di Crescat Capital, ha espresso fiducia nelle competenze tecniche di Condor e ha sottolineato il potenziale del Perù per sistemi auriferi epiterimali ad alto tenore, citando esempi come le miniere di Yanacocha e Pierina.
Condor Resources (TSXV:CN) ha anunciado que el inversor estratégico Crescat Capital participará en la colocación privada LIFE de la compañía por hasta 1,5 millones de dólares. Crescat suscribirá 500.000 dólares a través de Crescat Portfolio Management en nombre de sus Fondos de Inversión Colectiva.
Los ingresos netos se destinarán a la exploración del Proyecto Huinac Punta, el Proyecto Pucamayo y a fines corporativos generales. Los directivos de la empresa también suscribirán una parte significativa de la colocación.
Kevin Smith, fundador y CEO de Crescat Capital, expresó confianza en la experiencia técnica de Condor y destacó el potencial de Perú para sistemas de oro epitermal de alta ley, mencionando ejemplos como las minas Yanacocha y Pierina.
Condor Resources(TSXV:CN)는 전략적 투자자 Crescat Capital이 최대 150만 달러 규모의 LIFE 사모 발행에 참여한다고 발표했습니다. Crescat는 Crescat Portfolio Management를 통해 자사의 공동 투자 펀드를 대신하여 50만 달러를 청약할 예정입니다.
순수익은 Huinac Punta 프로젝트, Pucamayo 프로젝트 탐사 및 일반 법인 목적에 사용될 예정입니다. 회사 내부 관계자들도 상당 부분을 청약할 계획입니다.
Crescat Capital의 창립자 겸 CEO인 Kevin Smith는 Condor의 기술 역량에 대한 신뢰를 표명하며 페루가 Yanacocha와 Pierina 광산과 같은 고품위 에피더멀 금 시스템의 잠재력이 크다고 강조했습니다.
Condor Resources (TSXV:CN) a annoncé que l'investisseur stratégique Crescat Capital participera à l'offre privée LIFE de la société, pouvant atteindre 1,5 million de dollars. Crescat souscrira pour 500 000 dollars via Crescat Portfolio Management au nom de ses fonds communs de placement.
Les fonds nets seront utilisés pour l'exploration du projet Huinac Punta, du projet Pucamayo ainsi que pour des besoins généraux de l'entreprise. Les initiés de la société souscriront également une part importante de l'offre.
Kevin Smith, fondateur et PDG de Crescat Capital, a exprimé sa confiance dans l'expertise technique de Condor et a souligné le potentiel du Pérou pour des systèmes aurifères épithermaux à haute teneur, citant des exemples tels que les mines Yanacocha et Pierina.
Condor Resources (TSXV:CN) hat bekanntgegeben, dass der strategische Investor Crescat Capital an der LIFE Privatplatzierung des Unternehmens in Höhe von bis zu 1,5 Millionen US-Dollar teilnehmen wird. Crescat wird über Crescat Portfolio Management im Namen seiner Investmentfonds 500.000 US-Dollar zeichnen.
Die Nettoerlöse werden für die Exploration des Huinac Punta Projekts, des Pucamayo Projekts und für allgemeine Unternehmenszwecke verwendet. Auch Insider des Unternehmens werden einen erheblichen Teil der Platzierung zeichnen.
Kevin Smith, Gründer und CEO von Crescat Capital, zeigte Vertrauen in die technische Expertise von Condor und hob das Potenzial Perus für hochgradige epithermale Goldlagerstätten hervor, wobei er Beispiele wie die Minen Yanacocha und Pierina anführte.
- Strategic investor Crescat Capital commits $500,000 to private placement
- Additional insider participation demonstrates management confidence
- Funding secured for exploration of two promising projects in Peru
- Dilution of existing shareholders through new share issuance
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / April 15, 2025 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to announce that Crescat Capital LLC ("Crescat"), a strategic institutional shareholder of Condor, will participate in the Company's LIFE Offering Private Placement of up to
The Company intends to use the net proceeds raised from the LIFE Offering for exploration at the Huinac Punta Project, the Pucamayo Project, and for general corporate purposes.
Kevin Smith, CFA, Founder and CEO of Crescat Capital LLC, commented: "At Crescat, we provide capital to drive discovery across a global portfolio of exploration-focused mining companies. We invest only in teams with the technical expertise and leadership strength to deliver, and Condor fits that criteria. Our goal is to help our partners make world-class, high-margin metal discoveries in top-tier mining jurisdictions. Peru is a proven district for high-grade epithermal gold systems with the potential to develop into significant, profitable operations, such as at Yanacocha and Pierina. We believe Condor has a real opportunity to uncover the next major gold discovery in this prolific region."
Chris Buncic, President and CEO, added, "We are greatly appreciative of the continued support and strong participation from our strategic investor, Crescat Capital, as we advance our Pucamayo epithermal gold project and Huinac Punta high-grade silver CRD target".
About Condor Resources Inc.
Condor Resources is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company's flagship project, Pucamayo, is an 85 km2 property containing a high sulfidation epithermal system with disseminated precious metals mineralization with a large lithocap alteration visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the potential to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the potential for discovery of a bulk tonnage silver and base metals deposit. The Company has optioned several large projects to partners who continue to advance these projects. The Company's award-winning exploration team in Peru has a long history of success in discovering and advancing high quality exploration projects and managing the social aspects of its exploration activities.
For more information, please visit the Company's website at www.condorresources.com.
Follow Condor Resources (@CondorResources) on X and (@condor-resources) on LinkedIn.
ON BEHALF OF THE BOARD
Chris Buncic
President & Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements include, but are not limited to the Company's expectations with respect to the use of proceeds and the use of the available funds following completion of the LIFE Offering and statements respecting completion of the LIFE Offering and receipt of all regulatory approvals in respect of the LIFE Offering, including approval of the TSXV.
Although the Company believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties, including risks associated with the business of mineral exploration and development; continued availability of capital and financing; general political and economic conditions, fluctuations in metal prices and other market-related risks, including any volatility in the Company's share price, that may cause actual results, performance or developments to differ materially from those contained in such statements. Therefore, readers are cautioned not to place undue reliance on forward-looking statements and forward-looking information. Condor does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Condor Resources Inc.
View the original press release on ACCESS Newswire
FAQ
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