|Vancouver, B.C., March 9, 2016 - Condor Resources Inc. - (“Condor” or the “Company”) (TSXV: CN) today announces that pursuant to its Stock Option Plan, the Company has granted 1,475,000 stock options to officers, directors, and employees, exercisable at $0.05 per share, and expiring March 9, 2021, to replace a similar number of options that will expire on March 14, 2016. In addition, the Company has granted 520,000 additional stock options to personnel in Lima, and the two recent additions to its Technical Advisory Board, all exercisable at $0.05, and expiring March 9, 2021. The option grants are subject to regulatory approval.
Condor is a project generator focused exclusively on Peru, and our objective is the discovery of a major new precious metals or base metals deposit. The Company currently has two of its properties under exploration by Compañia Minera Casapalca S.A., and has leased two of its properties to third parties under production royalty agreements. Project acquisition and development is managed by our Lima based exploration team.
ON BEHALF OF THE BOARD
President & Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at email@example.com.
Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
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.