Option Granted to Acquire Condor's Interest in the Ocros Project
Option Granted to Acquire Condor's Interest in the Ocros Project
VANCOUVER, BC / ACCESSWIRE / November 12, 2021 / Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased to announce that it has entered into an agreement with Compañia Minera Virgen de la Merced S.A.C. ("Virgen") of Peru, whereby Virgen may acquire Condor's remaining 34% net interest in the Ocros project in Peru. Consideration to be paid by Virgen is US$1million, paid in installments of U$100,000 every three months, with the first payment received on signing.
不列顛哥倫比亞省温哥華/ACCESSWIRE/2021年11月12日/禿鷹資源公司(以下簡稱“禿鷹”或“公司”)(多倫多證券交易所股票代碼：CN)高興地宣佈，它已與祕魯Compañia Minera Virgen de la Merced S.A.C.(“Virgen”)達成協議，根據該協議，Virgen可能收購禿鷹在祕魯Ocros項目剩餘的34%的淨權益。維珍支付的對價為100萬美元，每三個月分期付款100,000美元，簽約時收到第一筆付款。
Virgen has earned a 51% interest in the Ocros project pursuant to an option agreement dated May 2017, which required Virgen to complete 6,000 metres of diamond drilling, and to make staged payments in the aggregate of US$250,000. After Virgen earned its 51% interest, a new company, Minera Eldorado Ocros S.A.C., ("Eldorado") was created to hold the Ocros project. Eldorado is owned by Virgen as to 51%, Condor as to 34%, and the property vendor as to 15%.
根據一份日期為2017年5月的期權協議，Virgen已獲得Ocros項目51%的權益，該協議要求Virgen完成6,000米的鑽石鑽探，並分期支付總計250,000美元。在Virgen獲得51%的權益後，成立了一家名為Minera Eldorado Ocros S.A.C.(“Eldorado”)的新公司來持有奧克羅斯項目。Eldorado由Virgen持有51%的股份，禿鷹擁有34%的股份，物業賣家擁有15%的股份。
Upon receipt of the ten payments of US$100,000 (total US$1,000,000), Condor will transfer its minority share holdings in Eldorado to Virgen.
在收到10萬美元(總計100萬美元)的10筆付款後，禿鷹將把其在Eldorado的少數股份轉讓給Virgen。
Since the Company acquired the Ocros project, a total of 9,685m of diamond drilling in seventeen drillholes has been completed by three operators. The exploration work includes seven drillholes by the Company, one by Compania Minera Casapalca SAC, and nine by Virgen. Virgen owns the concessions adjacent and to the south of Ocros, where Virgen has been conducting small scale mining for several years.
自公司收購Ocros項目以來，三家運營商在17個鑽孔中總共完成了9,685米的鑽石鑽探。勘探工作包括該公司的七個鑽孔，一個由Compania Minera Casapalca SAC進行，九個由Virgen進行。Virgen擁有奧克羅斯附近和以南的特許權，Virgen幾年來一直在那裏進行小規模採礦。
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.
禿鷹是一家專注於祕魯的活躍勘探商，並輔之以項目生成者和特許權使用費模式，旨在產生勘探資本，同時將股東稀釋降至最低。我們推進項目組合的目標是在祕魯發現一個重要的新貴金屬或賤金屬礦牀。項目收購和勘探活動由公司位於利馬的勘探團隊管理。
ON BEHALF OF THE BOARD
我代表董事會
Lyle Davis,
President & Chief Executive Officer
萊爾·戴維斯總裁兼首席執行官
For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com
欲瞭解更多信息，請與公司聯繫，電話：1-866-642-5707，或電子郵件：info@condorresource ces.com。
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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
SOURCE: Condor Resources Inc.
資料來源：禿鷹資源公司
譯文內容由第三人軟體翻譯。