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Condor Sells Lucero Project

Press release content from Accesswire. The AP news staff was not involved in its creation.
Condor Sells Lucero Project
January 7, 2021 GMT
VANCOUVER, BC / ACCESSWIRE / January 7, 2021 / Condor Resources Inc. - (“Condor” or the “Company”) (TSXV:CN) is pleased to announce that it has concluded an agreement with Calipuy Resources Inc. (“Calipuy”) whereby Calipuy will purchase Condor’s wholly owned Peruvian subsidiary, Minas Lucero del Sur S.A.C. (“MLDS”). MLDS is a sole purpose company, and the owner of the Lucero project located in the Arequipa Department of Peru.
Consideration is US$3.5 million, payable over five years. Should the price of gold be over US$2,500/ounce at the time of the final payment, total consideration will increase to US$4.0 million; and should the price of gold be over $3,000/ounce at the time of the final payment, the total consideration will increase to US$6.0 million. Calipuy have the option to compress the payment schedule t ....

British Columbia , Region De La Libertad , Minas Buenaventura , Lyle Davis , Huinac Punta , Arequipa Department Of Peru , Condor Resources Inc , Sandstorm Gold Ltd , Company Lima , Calipuy Resources Inc , Regulation Services Provider , Venture Exchange , Condor Resources , Calipuy Resources , Arequipa Department , Condor President , Corporate News , Latin America And Caribbean , Products And Services , South America , New Products And Services , பிரிட்டிஷ் கொலம்பியா , பகுதி டி லா லிபர்டாட் , மினாஸ் புயெனவேண்டுற , லைல் டேவிஸ் , அரேகுய்ப்ப துறை ஆஃப் பெரு ,

Condor Sells Lucero Project

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VANCOUVER, BC / ACCESSWIRE / January 7, 2021 / Condor Resources Inc. - ( Condor or the Company ) (TSXV:CN) is pleased to announce that it has concluded an agreement with Calipuy Resources Inc. ( Calipuy ) whereby Calipuy will purchase Condor s wholly owned Peruvian subsidiary, Minas Lucero del Sur S.A.C. ( MLDS ). MLDS is a sole purpose company, and the owner of the Lucero project located in the Arequipa Department of Peru.
Consideration is US$3.5 million, payable over five years. Should the price of gold be over US$2,500/ounce at the time of the final payment, total consideration will increase to US$4.0 million; and should the price of gold be over $3,000/ounce at the time of the final payment, the total consideration will increase to US$6.0 million. Calipuy have the option to compress the payment schedule to three years, and in such event, the total consideration will be US$3.0 million. Condor has received the initial payment of US$90,000. ....

British Columbia , Region De La Libertad , Minas Buenaventura , Lyle Davis , Huinac Punta , Arequipa Department Of Peru , Condor Resources Inc , Sandstorm Gold Ltd , Company Lima , Calipuy Resources Inc , Regulation Services Provider , Venture Exchange , Condor Resources , Calipuy Resources , Arequipa Department , Condor President , பிரிட்டிஷ் கொலம்பியா , பகுதி டி லா லிபர்டாட் , மினாஸ் புயெனவேண்டுற , லைல் டேவிஸ் , அரேகுய்ப்ப துறை ஆஃப் பெரு , கொண்டோர் வளங்கள் இன்க் , மணல் புயல் தங்கம் லிமிடெட் , நிறுவனம் லிமா , ஒழுங்குமுறை சேவைகள் வழங்குநர் , துணிகர பரிமாற்றம் ,