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Bullboard - Stock Discussion Forum Condor Resources Inc V.CN

Alternate Symbol(s):  CNRIF

Condor Resources Inc. is an exploration stage company. It is engaged in the business of acquisition and exploration of mineral properties in Peru. Its portfolio includes Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, Andrea, San Martin, Lucero, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 42 square kilometers within the central Andes mineral... see more

TSXV:CN - Post Discussion

Condor Resources Inc > Chakana issues shares and cash to Condor
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Post by KenGPS on Jun 22, 2022 7:59pm

Chakana issues shares and cash to Condor

 Condor gets some money. Wonder if Lyle will even notice. Is he still living? Total benefit incoming is $950K USD at current Chakana stock price.
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Comment by Crashcomingsoon on Jun 22, 2022 8:41pm
Which option did Chakana select?  The US$950K would be Option 2.which allows Chakana the longest period to make full payment of US$4.225 million cash and Cdn$1.0 million in Chakana shares. Pursuant to the first option, Chakana will pay Condor US$2.8m cash and issue 9,480,198 Chakana shares, on or before June 23, 2022.  Under the second option, Chakana will complete the ...more  
Comment by KenGPS on Jun 22, 2022 11:20pm
Option 2....  Pursuant to the extension agreement and revised payment terms for the Company's purchase option agreement with Condor Resources, the Company has elected to proceed with the second option which requires cash and share payments to be made over a three-year period, as described in more detail in the Company's news release dated April 18, 2022. Accordingly, the Company will ...more  
Comment by Crashcomingsoon on Jun 23, 2022 2:55pm
Indeed...If an when Condor has been working on our permitting and access agreements at both the Pucamayo and the Huiac Punta projects, and the funds received will prove useful when those efforts are finalized".
Comment by Crashcomingsoon on Jun 22, 2022 9:13pm
I don't think Lyle is living.  No evidence that he is living.