Condor Energies Inc. announced that it expects to receive $5.9 million in funding
On the same date, the company has received $510,000 in its first tranche. In connection with the Loan Facility, Condor Energies Inc. issued a total of 2,600,002 common share purchase warrants at an exercise price of $0.48 per share at due at maturity on June 30, 2026. Each Lender received 1/3 of a Warrant for each dollar contributed to the Loan Facility. The Company also entered into intermediary agreements with finders whereby each Finder received 1/6 of a Warrant for each dollar of the Loan Facility loaned by a Lender introduced by the Finder to the Company and accepted by the Company.