Eurasia Resource Value S.E. Expands Investment in Condor Energies Inc.
Eurasia Resource Value S.E. (“ERV”), based in Limassol, Republic of Cyprus, has recently made headlines by acquiring a significant number of common shares from Condor Energies Inc. (“Condor”) (TSX: CDR). This strategic investment is part of a broader offering that Condor initiated, taking advantage of the Listed Issuer Financing Exemption and other exemptions under Canada’s National Instrument 45-106, aimed at facilitating skilled investors like ERV.
The Details of the Acquisition
In this recent offering, ERV purchased a total of 1,052,632 common shares from Condor for a total consideration of CAD$2,000,000.80, translating to a price of CAD$1.90 per share. This acquisition comes in addition to the 13,399,905 shares that ERV already held prior to the offering, which represented approximately 23.40% of the total issued and outstanding common shares. After this transaction, ERV now holds 14,452,537 shares, which is around 21.42% of Condor's total shares.
Strategic Vision Behind the Investment
As the largest shareholder of Condor both before and after this transaction, ERV's involvement in the offering reflects its belief in Condor's potential and market strategies. ERV is recognizing the importance of these funds, trusting that they will empower Condor in executing its current business plan effectively. The investment marks a significant milestone, illustrating ERV's commitment to fostering growth and success in its portfolio companies.
Regulatory Updates and Compliance
In compliance with Canadian regulations, ERV is set to file an early warning report in accordance with National Instrument 62-103. This report provides transparency regarding shares held, and it will be accessible through Condor’s SEDAR+ profile. Interested parties can reach out directly to ERV for more detailed inquiries regarding the report or any associated information.
For further questions, individuals can directly contact Norman Storm at ERV. This level of accessibility helps maintain a connection between investors and the company, showcasing a commitment to openness.
Contact Information for EurAsia Resource Value S.E.
For inquiries, ERV can be reached at the following address: Griva Digeni 78, 1st Floor, Office A1, 3101 Limassol, Republic of Cyprus. Communication is encouraged via email, and Norman Storm is available at norman1700@gmail.com.
Condor Energies Inc. Overview
Condor Energies Inc., with its common shares listed on the Toronto Stock Exchange, continues to play a pivotal role in resource management and development. The company is poised for growth, and with investments from major stakeholders like ERV, it is well-positioned to meet the demands of its strategic objectives.
Frequently Asked Questions
1. What recent move did EurAsia Resource Value S.E. make?
ERV acquired over 1 million common shares in Condor Energies Inc., enhancing its stake in the company.
2. What does this acquisition signify for ERV?
This strategic investment reflects ERV's confidence in Condor's business plan and growth potential.
3. How many shares does ERV hold after the acquisition?
After the acquisition, ERV holds approximately 14,452,537 common shares of Condor, representing around 21.42% of total shares.
4. Where can investors find more information about the transaction?
Investors can find additional details through the early warning report filed on Condor’s SEDAR+ profile.
5. How can one contact EurAsia Resource Value S.E.?
Inquiries can be directed to Norman Storm via email at norman1700@gmail.com.
