Condor Resources Announces Results of Annual General and Special Meeting of Shareholders
TSXV:CN WWW.CONDORRESOURCES.COM
CONDOR RESOURCES ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Vancouver, B.C., December 12, 2024 - Condor Resources Inc. ("Condor" or the "Company")
(TSXV:CN) is pleased to announce the vo�ng results of the Company's 2024 Annual General and Special Shareholders' Mee�ng (the "Mee�ng") held on December 11, 2024 at 10am PST, in Vancouver, Bri�sh Columbia.
A total of 32,169,685 common shares were voted at the Mee�ng, represen�ng 22.79% of the votes a�ached to all outstanding common shares of the Company. All ma�ers presented for shareholder approval at the Mee�ng were duly authorized and approved as follows:
Number of Directors to be Elected
On a vote by a show of hands, the resolu�on to set the number of directors to be elected at the mee�ng at six (6) was approved, and all Directors up for elec�on were duly approved.
Appointment of Auditors
De Visser Gray LLP, Chartered Professional Accountants was appointed as auditor of the Company for the ensuing year and the directors of the Corpora�on were authorized to fix the auditor's remunera�on. Details of the vo�ng results are as follows:
Total Votes % of Votes Cast
Votes in Favour 32,169,685 100.00% Votes Withheld 0 0% 32,169,685 Total Votes Cast
Omnibus Equity Incen�ve Plan
An ordinary resolu�on adop�ng the Company’s omnibus equity incen�ve plan, all as more par�cularly described in the accompanying management informa�on circular, was approved. Details of the vo�ng results are as follows:
Total Votes % of Votes Cast
23,764,781 95.55% Votes in Favour 107,174 0.45% Votes Withheld Total Votes Cast 23,871,955
The Company also wishes to announce that Mr. Lyle Davis did not stand for re-elec�on to the Board of Directors of Condor Resources. Mr. Davis was a long-standing Director of the Company as well as CEO from July 2013 un�l April 2024. Management and the Board wish to express their sincere gra�tude to Mr. Davis for all his contribu�ons to the Company and wish him the best in future endeavors.
About Condor Resources Inc.
Condor Resources is a precious and base metals explora�on company focused on its por�olio of projects in Peru. The Company’s flagship project, Pucamayo, is an 85 km2 property containing a high sulfida�on epithermal system with disseminated precious metals mineraliza�on with a large lithocap altera�on visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the poten�al to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the poten�al for discovery of a bulk tonnage silver and base metals deposit. The Company has op�oned several large projects to partners who con�nue to advance these projects. The Company’s award-winning explora�on team in Peru has a long history of success in discovering and advancing high quality explora�on projects and managing the social aspects of its explora�on ac�vi�es.
For more informa�on, please visit the Company's website at www.condorresources.com.
ON BEHALF OF THE BOARD
Chris Buncic President & Chief Execu�ve Officer
For further informa�on please contact the Company at 1-866-642-5707, or by email at [email protected]
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securi�es law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “an�cipate”, “es�mate” and other similar words, or statements that certain events or condi�ons “may” or “will” occur. Such forward-looking statements include, but are not limited to the Company’s expecta�ons with respect to the use of proceeds and the use of the available funds following comple�on of the LIFE Offering and statements respec�ng comple�on of the LIFE Offering and receipt of all regulatory approvals in respect of the LIFE Offering, including approval of the TSXV.
Although the Company believes that the expecta�ons reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expecta�ons will prove to be correct. Such forward-looking statements are subject to risks and uncertain�es, including risks associated with the business of mineral explora�on and development; con�nued availability of capital and financing; general poli�cal and economic condi�ons, fluctua�ons in metal prices and other market-related risks, including any vola�lity in the Company’s share price, that may cause actual results, performance or developments to differ materially from those contained in such statements. Therefore, readers are cau�oned not to place undue reliance on forward-looking statements and forward-looking informa�on. Condor does not assume any obliga�on to update or revise its forward-looking statements, whether as a result of new informa�on, future or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regula�on 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.