Condor Receives US$1millon Payment on Soledad Project
Condor Receives US$1millon Payment on Soledad Project
Vancouver, B.C., June 23, 2023 - Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased
to advise that it has received the June 23, 2023 payment from Chakana Copper Corp. (“Chakana”) pursuant to
Chakana’s option to acquire a 100% interest in the Company’s Soledad concessions in Peru. Under the terms of
the agreement with Chakana, payment consisted of US$1.0 million cash, and 1.379 million Chakana shares.
Commented Condor President Lyle Davis: “Chakana’s technical execution at Soledad has been excellent, and we
believe that Chakana’s exploration programs have the potential to add significant value to the project. Condor is
a significant and supportive shareholder of Chakana.”
Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model
designed to generate exploration capital whilst minimizing shareholder dilution. Our objective in advancing our
portfolio of projects is the discovery of a major new precious metals or base metals deposit in Peru. Project
acquisition and exploration activities are managed by the Company’s Lima based exploration team.
ON BEHALF OF THE BOARD
Lyle Davis,
President & Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at [email protected]
Forward-Looking Statements
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reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking
statements are subject to risks and uncertainties that may cause actual results, performance or developments to
differ materially from those contained in such statements.
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