CN Condor Resources Inc

Condor Resources Inc. (TSX VENTURE:CN) ("Condor" or the "Company") announced the
approval today by its board of directors of an advance notice policy (the
"Policy"), which Policy, among other things, includes a provision that requires
advance notice to the Company in circumstances where nominations of persons for
election to the board of directors are made by shareholders of the Company other
than pursuant to: (i) a "proposal" made in accordance with Part 5, Division 7 of
the Business Corporations Act (British Columbia) (the "Act"); or (ii) a
requisition of the shareholders made in accordance with section 167 of the Act.


Among other things, the Policy fixes a deadline by which holders of record of
common shares of Condor must submit director nominations to the Secretary of the
Company prior to any annual or special meeting of shareholders and sets forth
the specific information that a shareholder must include in the written notice
to the Secretary of the Company for an effective nomination to occur. No person
will be eligible for election as a director of the Company unless nominated in
accordance with the provisions of the Policy.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 nor more than 65 days prior to the date of the annual
meeting; provided, however, that in the event that the annual meeting is to be
held on a date that is less than 65 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Company must be made not later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.


The Policy is effective and in full force and effect as of December 19, 2012. In
accordance with the terms of the Policy, the Policy will be put to shareholders
of the Company for approval at the next Annual General Meeting ("AGM"), and if
the policy is not confirmed at the meeting by ordinary resolution of
shareholders, the Policy will terminate and be of no further force and effect
following the termination of the AGM.


The full text of the Policy is available via SEDAR at www.sedar.com and on the
Company's website.


Condor Resources Inc. was incorporated in 2003 by field exploration specialists
focused on the generation of precious and base metals projects in South America,
where management has extensive experience and a proven track record of
discovery. The Company's long term objective is the discovery of a major new
precious/base metals deposit and its business plan offers shareholders access to
an exciting portfolio of sixteen properties in Peru and Chile, each offering a
unique path to discovery.


ON BEHALF OF THE BOARD

Patrick J. Burns, President & Chief Executive Officer

Cautionary Statement Regarding Forward-Looking Information: All statements,
trend analysis and other information contained in this press release relative to
markets about anticipated future events or results constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Corporation does not undertake any
obligation to update forward-looking statements even if circumstances or
management's estimates or opinions should change. Investors should not place
undue reliance on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Condor Resources Inc.
Patrick J. Burns
President & Chief Executive Officer
1-866-642-5707
info@condorresources.com
www.condorresources.com

Condor Resources (TSXV:CN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Condor Resources (TSXV:CN)
Historical Stock Chart
From Jul 2023 to Jul 2024