Condor Resources Announces Grant of Stock Options and Psus
TSXV:CN WWW.CONDORRESOURCES.COM
CONDOR RESOURCES ANNOUNCES GRANT OF STOCK OPTIONS AND PSUS
Vancouver, B.C., June 18, 2025 - Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN)
announces that further to its news release dated April 15, 2024, Condor has granted 2,000,000 performance share units (each, a “PSU”) to a holding company controlled by Mr. Chris Buncic, the Company’s President and CEO, pursuant to the Company’s Omnibus Equity Incen�ve Plan (the “Plan”). Such PSUs will vest over a period of �me beginning on the date of grant and ending on April 10, 2027 (inclusive), subject to the achievement of certain corporate and/or individual performance criteria.
Subject to regulatory approval and ves�ng provisions, and pursuant to the Plan, Condor has granted stock op�ons to certain directors, officers, employees and consultants to purchase an aggregate of 2,500,000 common shares of the Company at a price of $0.20 and 500,000 common shares of the Company at a price of $0.12 un�l June 17, 2030.
About Condor Resources Inc.
Condor Resources is a precious and base metals explora�on company focused on its por�olio of projects in Peru. The Company’s flagship project, Pucamayo, is an 85 km2 property containing a high sulfida�on epithermal system with disseminated precious metals mineraliza�on with a large lithocap altera�on visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the poten�al to host a large carbonate replacement style (CRD) silverdominant polymetallic mineralized body with the poten�al for discovery of a bulk tonnage silver and base metals deposit. The Company has also op�oned the Cobreorco project which targets gold-copper skarn and porphyry-style mineraliza�on to a subsidiary of Teck Resources Limited.
The Company’s award-winning explora�on team in Peru has a long history of success in discovering and advancing high quality explora�on projects and managing the social aspects of its explora�on ac�vi�es.
For more informa�on, 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 Execu�ve Officer
For further informa�on please contact the Company at 1-866-642-5707, or by email at [email protected]
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securi�es law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “an�cipate”, “es�mate” and other similar words, or statements that certain events or condi�ons “may” or “will” occur. Such forward-looking statements include, but are not limited to the Company’s expecta�ons with respect to the use of proceeds raised under the Offering.
Although the Company believes that the expecta�ons reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expecta�ons will prove to be correct. Such forward-looking statements are subject to risks and uncertain�es, including risks associated with the business of mineral explora�on and development; con�nued availability of capital and financing; general poli�cal and economic condi�ons, fluctua�ons in metal prices and other market-related risks, including any vola�lity 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 cau�oned not to place undue reliance on forward-looking statements and forward-looking informa�on. Condor does not assume any obliga�on to update or revise its forward-looking statements, whether as a result of new informa�on, future or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regula�on 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.