Condor Resources Announces Leadership Transition and Performance Share Units Grant

Condor Resources Inc., a company listed on the TSX Venture Exchange, revealed the appointment of Chris Buncic as the new President and CEO, effective April 12, 2024. Buncic, who has over 24 years of experience in the mining industry and capital markets, succeeds Lyle Davis. Davis will continue to serve as an advisor to ensure a smooth transition. Previously, Buncic co-founded and managed Alto Verde Copper Inc., and was also the lead at Ascendant Resources Inc., where he improved profitability and advanced significant exploration projects.

In addition to the leadership change, Condor announced the award of 1,000,000 stock options priced at $0.15, vesting over three years, to Buncic. He will also receive 2,000,000 Performance Share Units, pending approval from the TSX Venture Exchange, which are set to vest over the next three years.

The company’s director, Graham H. Scott, expressed confidence in Buncic’s ability to drive value for shareholders and thanked the outgoing CEO for his years of service and leadership. Condor continues to focus on exploring in Peru, with a strategy that balances project generation with minimizing shareholder dilution.