Stocks in play: Condor Energies Inc.

Announced the closing on July 14, 2023, of a US$5.9-million term loan facility. The Loan Facility comprises separate loans from a group of arm’s length lenders made pursuant to credit agreements between Condor and each Lender having an aggregate principal amount of US$5.9 million (CA$7.8 million). The Credit Agreements are on substantially the same terms, other than the timing for principal repayment whereby US$2,840,000 of principal will be repaid in eight quarterly installments commencing on October 14, 2024 and US$3,060,000 is due at maturity in 2026. The Loan Facility bears interest at 9.0% per annum, is unsecured, non-revolving and is available for working capital requirements and general corporate purposes. Condor Energies Inc. shares T.CDR are trading up $0.04 at $1.14.

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