Business
Condor Announces Update on COVID-19 Related Postponement of Financial Statements
VANCOUVER, BC / ACCESSWIRE / July 27, 2020 / Condor Resources Inc. ("Condor" or the "Company...
About this update from Condor Resources Inc.
[{"type":"text","content":"Condor Announces Update on COVID-19 Related Postponement of Financial StatementsVANCOUVER, BC / ACCESSWIRE / July 27, 2020 / Condor Resources Inc. (\"Condor\" or the \"Company\") (TSXV:CN) announces that COVID-19 lockdowns and related delays at our Peruvian exploration offices have resulted in a delay in the finalization and filing of: (i) the Company's audited annual financial statements for the fiscal year ended February 29, 2020 and the related management's discussion and analysis (collectively, the \"Annual Filings\"); and (ii) the Company's interim financial statements for the quarter ended May 31, 2020 and the related management's discussion and analysis (collectively the \"First Quarter Filings\"), all as required by Part 4 and Part 5 of National Instrument 51-102: Continuous Disclosure Obligations.This news release is being issued in accordance with the required update under the provisions of the blanket relief of a 45-day extension, provided by Canadian Securities Administrators and BC Instrument 51-517: Temporary Exemption from Certain Corporate Finance Requirements, for periodic filings normally required to be made by issuers during the period from June 2, 2020 to August 31, 2020.The Company's board of directors and its management confirm that they are continuing to work expeditiously to meet the Company's obligations relating to the filing of the Annual Filings and the First Quarter Filings. At this time, the Company anticipates being able to complete the Annual Filings by August 12, 2020 and the First Quarter Filings by September 13, 2020.The health and safety of the Condor's employees and the communities surrounding its projects is a paramount priority for the Company. The Company's Lima exploration office has now reopened under strict protocols set out by Peru's national government which protocols will be followed by the Company.As announced on June 18, 2020, the Company closed a non brokered private placement to raise gross proceeds of $990,000 and appointed Dr. Quinton Hennigh to Condor's board of directors. As announced July 15, 2020, the Company received written confirmation of the Declaración de Impacto Ambiental, or a \"DIA\", from the Peruvian Ministry of Energy and Mines, for the Huiñac Punta high-grade silver polymetallic project. The DIA is the primary environmental permit required to allow dri...