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Condor and Chakana Copper extend Soledad Project Option Agreement

Condor and Chakana Copper extend Soledad Project Option Agreement

禿鷹和查卡納銅業延長Soledad項目期權協議
Accesswire ·  2022/04/18 19:05

VANCOUVER, BC / ACCESSWIRE / April 18, 2022 / Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased to announce that it has signed a binding agreement ("Agreement") with Chakana Copper Corp. ("Chakana") with respect to the Company's Soledad project in Peru, and Chakana's scheduled payment of US$4.425 million.

温哥華,卑詩省/ACCESSWIRE/2022年4月18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,已與查卡納銅業公司(“查卡納”)就公司在祕魯的Soledad項目簽署了一份具有約束力的協議(“協議”),查卡納的預定付款金額為442.5萬美元。

Pursuant to the Agreement, the expiry of Chakana's April 2017 option to acquire a 100% interest in Condor's Soledad concessions has been extended two months, from April 23, 2022 to June 23, 2022. On signing the Agreement, Chakana paid US$200,000 towards the amount of the final payment, and Chakana has been given two options to complete the remaining payment amount of US$4.225 million.

根據該協議,Chakana收購禿鷹Soledad特許權100%權益的2017年4月期權的到期時間已延長兩個月,從2022年4月23日延長至2022年6月23日。在簽署協議時,查卡納支付了20萬美元作為最後一筆付款,查卡納獲得了兩個選項來完成剩餘的422.5萬美元付款。

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. With these payments, Chakana will have completed the requirements of the April 2017 agreement, as amended, and ownership of Condor's Soledad concessions will be transferred to Chakana Peru, with Condor retaining a 1% NSR on the concessions. Voluntary resale restrictions on the Chakana shares will be in place for eighteen months.

根據第一個選項,Chakana將在2022年6月23日或之前向禿鷹支付280萬美元現金,併發行9480,198股Chakana股票。有了這些款項,Chakana將完成2017年4月經修訂的協議的要求,禿鷹Soledad特許權的所有權將轉讓給Chakana祕魯,禿鷹將保留特許權1%的NSR。對Chakana股票的自願轉售限制將實施18個月。

Under the second option, Chakana will complete the payment amount of US$4.225 million cash with four payments made over the next three years, and will also issue Cdn$1.0 million in Chakana shares in four payments over the next three years. The first payment is due on or before June 23, 2022, and consists of US$800,000 cash and the issue of Cdn$200,000 of Chakana shares. The second and third payments are due on or before June 23, 2023 and June 23, 2024, respectively, and each payment consists of US$1,000,000 cash and the issue of Cdn$200,000 of Chakana shares. The final payment is due on or before June 23, 2025, and is comprised of US$1,425,000 cash and the issue of Cdn$400,000 of Chakana shares. Voluntary resale restrictions on the Chakana shares will be in place for eighteen months for each issuance of shares.

根據第二種方案,Chakana將在未來三年內分四次支付422.5萬美元的現金,並將在未來三年內分四次發行100萬加元的Chakana股票。第一筆付款將於2022年6月23日或之前到期,包括80萬美元現金和發行20萬加元的Chakana股票。第二次和第三次付款分別於2023年6月23日和2024年6月23日或之前到期,每次付款包括1,000,000美元現金和發行200,000加元的Chakana股票。最終付款將於2025年6月23日或之前到期,包括1,425,000美元現金和發行400,000加元的Chakana股票。對Chakana股票的自願轉售限制將對每次發行股票實施18個月。

Commented Condor President Lyle Davis: "Chakana's technical execution at Soledad has been excellent, and we, like Chakana, believe that the planned exploration programs over the coming years have the potential to add significant value to the project. With both payment options, Condor will continue to have a significant interest in the project as a shareholder of Chakana."

禿鷹總裁萊爾·戴維斯評論説:“查卡納在Soledad的技術執行一直很出色,我們和查卡納一樣,相信未來幾年計劃中的勘探項目有可能為該項目增加重大價值。有了這兩種付款方式,禿鷹將繼續作為查卡納的股東在該項目中擁有重大利益。”

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,請聯繫公司,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的政策中定義)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


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