Condor Resources Completes Private Placement Offering

Condor Resources Inc. has finalized its non-brokered private placement, raising a total of C$1,051,000. This follows conditional TSX Venture Exchange approval received in April 2025. An aggregate of 8,758,333 units were issued at C$0.12 each, with each unit comprising one common share and half a share purchase warrant.

The proceeds will support exploration at the Huinac Punta and Pucamayo projects, alongside general corporate expenses. The offering involved insider participation, marking a related party transaction as defined by TSXV policies, but exemptions were utilized where applicable.

Finders’ fees included cash payments and warrants, with $16,496 paid and 137,466 warrants issued.

Crescat Portfolio Management LLC has secured a right to participate in future financings, contingent on maintaining a minimum ownership stake in the company. None of the securities in this offering will be available for distribution in the U.S.