UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the year ended: November 30, 2003
-----------------
Commission File Number: 000-31168
CONDOR GOLD CORP.
-----------------------------------------------
(Translation of registrant's name into English)
50 Richmond Street East, Toronto, Ontario M5C 1N7
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b) 82.
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED NOVEMBER 30, 2003 AND 2002
CONTENTS
Auditors' Report 1
Consolidated Balance Sheets 2
Consolidated Statements of Deficit 3
Consolidated Statements of Earnings 4
Consolidated Statements of Cash Flows 5
Notes to Consolidated Financial Statements 6 - 15
AUDITORS' REPORT
To the Shareholders of
Condor Gold Corp.
(A Development Stage Company)
We have audited the consolidated balance sheets of Condor Gold Corp. (A
Development Stage Company) as at November 30, 2003 and 2002 and the consolidated
statements of deficit, earnings and cash flows for the years then ended. These
financial statements are the responsibility of the company's management. Our
responsibility is to express an opinion on these consolidated financial
statements based on our audit.
We conducted our audit in accordance with Canadian generally accepted
auditing standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation.
In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of Condor Gold
Corp. (A Development Stage Company) as at November 30, 2003 and 2002, and the
results of its operations and its cash flows for the year then ended in
conformity with Canadian generally accepted accounting principles.
The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern. As discussed in Note 1 to the
financial statements, the Company is in the development stage, has incurred
losses since inception and has negative working capital and cash flows from
operations. These factors raise substantial doubt about the Company's ability to
continue as a going concern. Management's plans regarding these matters are also
described in Note 1. The financial statements do not include any adjustments
that might result from these plans.
"SF PARTNERSHIP, LLP"
/s/ SF PARTNERSHIP, LLP
-------------------------
Toronto, Canada CHARTERED ACCOUNTANTS
April 20, 2004
- 1 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Consolidated Balance Sheets
(Stated in Canadian Dollars)
November 30, 2003
2003 2002
---- ----
ASSETS
Current
Cash $ -- $ 24,804
Deferred Expenses (note 3) 162,500 --
Property and Equipment (note 4) 5,779,753 5,498,572
----------- -----------
$ 5,942,253 $ 5,523,376
=========== ===========
LIABILITIES
Current Liabilities
Accounts payable $ 634,341 $ 203,409
Deposits 100,000 100,000
Advances from related parties (note 5) 490,322 533,678
Notes payable, current portion (note 6) 554,000 554,000
Reserve for loss contingencies (note 7) 462,000 --
----------- -----------
2,240,663 1,391,087
Notes Payable (note 6) 1,775,000 --
----------- -----------
4,015,663 1,391,087
----------- -----------
SHAREHOLDERS' EQUITY
Share Capital (note 8) 8,473,426 7,259,171
Contributed Surplus (note 2) 127,493 --
Deficit (6,674,329) (3,126,882)
----------- -----------
1,926,590 4,132,289
----------- -----------
$ 5,942,253 $ 5,523,376
=========== ===========
APPROVED ON BEHALF OF THE BOARD
"ALEXANDER G. STEWART" "L. KIRK BOYD"
/s/ ALEXANDER G. STEWART /s/ L. KIRK BOYD
------------------------ ----------------
Director Director
The accompanying notes are an integral part of these financial statements.
- 2 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Consolidated Statements of Deficit
(Stated in Canadian Dollars)
Year Ended November 30, 2003
Cumulative
from inception
2003 2002 on March 7, 2001
----------- ----------- ----------------
Deficit - beginning of year $(3,126,882) $ (484,287) $ --
Net loss (2,881,095) (2,642,595) (6,007,977)
----------- ----------- -----------
(6,007,977) (3,126,882) (6,007,977)
Deficiency in equity of
acquired company (note 2) 666,352 -- 666,352
----------- ----------- -----------
Deficit - end of year $(6,674,329) $(3,126,882) $(6,674,329)
=========== =========== ===========
The accompanying notes are an integral part of these financial statements.
- 3 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Consolidated Statements of Earnings
(Stated in Canadian Dollars)
Year Ended November 30, 2003
Cumulative
from inception
2003 2002 on March 7, 2001
------------- ------------- ----------------
Expenses
Consulting fees $ 784,461 $ 417,667 $ 1,252,628
Exploration 691,809 383,823 1,439,956
General and administrative 386,698 817,604 1,208,765
Professional fees 342,033 205,662 547,695
Management fees 330,178 370,126 765,304
Financial 442,397 -- 442,397
Writedown of goodwill -- 447,713 447,713
Amortization 3,519 -- 3,519
------------- ------------- -------------
2,981,095 2,642,595 6,107,977
Other Income 100,000 -- 100,000
------------- ------------- -------------
Net Loss $ (2,881,095) $ (2,642,595) $ (6,007,977)
------------- ------------- -------------
Basic Loss per Share $ (0.04) $ (0.04)
------------- -------------
Basic Weighted Average Number of Shares 70,091,681 60,638,571
------------- -------------
Fully Diluted Loss Per Share $ (0.03) $ (0.04)
------------- -------------
Fully Diluted Weighted Average Number of Shares 103,955,014 60,638,571
------------- -------------
The accompanying notes are an integral part of these financial statements.
- 4 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Consolidated Statements of Cash Flows
(Stated in Canadian Dollars)
Year Ended November 30, 2003
Cumulative
from inception
2003 2002 on March 7, 2001
Cash Flows from Operating Activities
Net loss $(2,881,095) $(2,642,595) $(6,007,977)
Adjustments to reconcile net loss to net cash
used in operating activities
Amortization 3,519 -- 3,519
Deficit of acquired subsidiary (386,037) -- (386,037)
Issuance of shares for services 450,000 1,052,200 1,502,200
Issuance of shares for reverse takeover of Ripped
Canada Artists Inc. -- 389,556 389,556
Reserve for loss contingency 462,000 -- 462,000
Non cash interest expense 275,000 -- 275,000
Non cash financing charge 137,500 -- 137,500
Accounts payable 430,931 195,409 634,391
----------- ----------- -----------
(1,508,182) (905,430) (2,889,848)
----------- ----------- -----------
Cash Flows from Investing Activities
Investment in mining properties (160,000) (937,072) (2,172,572)
Purchase of equipment (17,599) -- (17,599)
----------- ----------- -----------
(177,599) (937,072) (2,190,171)
----------- ----------- -----------
Cash Flows from Financing Activities
Proceeds from issuance of common shares 504,333 868,628 2,835,747
Proceeds from notes payable 1,200,000 329,000 1,754,000
Proceeds from related parties -- 533,628 533,628
Repayment of advances from related parties (43,356) -- (43,356)
----------- ----------- -----------
1,660,977 1,731,256 5,080,019
----------- ----------- -----------
Net Decrease in Cash (24,804) (111,246) --
Cash - beginning of year 24,804 136,050 --
----------- ----------- -----------
Cash - end of year $ -- 24,804 $ --
=========== =========== ===========
The accompanying notes are an integral part of these financial statements.
- 5 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
1. Operations and Summary of Significant Accounting Policies
Operations
The Corporation was originally incorporated on June 19, 1997 under the
Business Corporations Act (Ontario) under the name Findore Gold Resources
Ltd. and was in the business of investing in resource related activities.
On October 17th, 2001 the shareholders approved the name change to Ripped
Canada Artists Inc. ("RCA") and a change of business to the entertainment
industry and TV, Film and Video production and distribution.
On September 20, 2002, Ripped Canada Artists Inc. ("RCA") and the
shareholders of Northville Gold Corp. ("Northville") entered into a
Securities Exchange Agreement ("Agreement") whereby RCA acquired all of
the issued and outstanding securities of Northville in exchange for
equivalent securities on a one for one basis. Upon consummation, the
shareholders of Northville exchanged each of their common shares for one
post-consolidation common share of RCA. Northville shareholders acquired
control of RCA, a US publicly quoted company with 94.88% interest in the
post consolidated securities. Accordingly, this transaction has been
accounted for as a reverse takeover whereby Northville was deemed to have
acquired RCA. The ongoing business will continue as that of Northville.
Subsequently, RCA has changed its name to Condor Gold Corp. (the
"Company").
The company is engaged in the exploration and development of gold and
diamond properties in Canada. Since inception, the efforts of the Company
have been devoted to assessing whether properties have sufficient mineral
reserves for production. To date, the Company has earned no revenues.
Condor owns or controls interests in gold properties in the townships of
Chester, Benneweis, and Yeo in Northern Ontario with a total strike length
of eighteen miles (collectively, the "Northville Properties"). In
addition, in the search for diamond properties, the Company has staked
over 95,000 acres of land in the James Bay Lowlands of Northern Ontario.
To date, the Company has earned no revenues and is considered to be in the
development stage.
- 6 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
1. Operations and Summary of Significant Accounting Policies (cont'd)
Summary of Significant Accounting Policies
a) Going Concern
The Company's financial statements are presented on a going concern
basis, which contemplates the realization of assets and satisfaction
of liabilities in the normal course of business. The Company has
experienced recurring losses since inception and has negative
working capital and cash flows from operations that raise
substantial doubt as to its ability to continue as a going concern.
For the years ended November 30, 2003 and 2002, the Company
experienced net losses of $2,881,095 and $2,642,595, respectively.
The Company's ability to continue as a going concern is also
contingent upon its ability to secure additional financing,
initiating sale of its product and attaining profitable operations.
Management is pursuing various sources of equity financing. Although
the Company plans to pursue additional financing, there can be no
assurance that the Company will be able to secure financing when
needed or obtain such on terms satisfactory to the Company, if at
all.
The financial statements do not include any adjustments to reflect
the possible future effects on the recoverability and classification
of assets or the amounts and classification of liabilities that may
result from the possible inability of the Company to continue as a
going concern.
b) Unit of Measurement
The Canadian dollar has been used as the unit of measurement in
these financial statements. The functional currency of the
operations are denominated in Canadian currency.
c) Principles of Consolidation
The consolidated financial statements include the accounts of the
Company and its wholly owned and controlled subsidiaries, Northville
Gold Corp., Condor Diamond Corp., Dialex Minerals Inc., 1478837
Ontario Inc., and 1485210 Ontario Inc. Intercompany accounts and
transactions have been eliminated on consolidation. These
consolidated financial statements reflect all adjustments, which
are, in the opinion of management, necessary for a fair presentation
of the results for the interim periods reported.
- 7 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
1. Operations and Summary of Significant Accounting Policies (cont'd)
Summary of Significant Accounting Policies (cont'd)
d) Property and Equipment
Property and equipment are stated at cost. Amortization, based on
the estimated useful lives of the assets, is provided using the
undernoted annual rates and methods:
Mining properties Straight-line Units of production
Furniture and equipment 20% Straight-line
Computer hardware 30% Declining balance
Computer software 100% Declining balance
Additions during the year are amortized at half the normal rate.
Mineral Exploration Properties
Property acquisition costs are capitalized until the property to
which they relate is placed into production, sold, abandoned or
management determines that there has been an impairment in value. On
the commencement of commercial production, these costs will be
charged to operations on the units-of-production method based upon
estimated recoverable proven and probable reserves. As at November
30, 2003, there has not been any production at any of the
properties.
The amount shown for mineral property interests represents costs
incurred and deferred to date and does not necessarily reflect
present and future values.
Exploration expenditures are expensed as incurred.
e) Use of Estimates
The preparation of the Company's financial statements in conformity
with Canadian generally accepted accounting principles requires
management to make estimates and assumptions. These assumptions
affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the dates of the financial
statements, and the reported amounts of revenues and expenses during
the reporting periods. Actual results could differ from those
estimates.
f) Income Taxes
Future income tax assets and liabilities are computed based on
differences between the carrying amount of assets and liabilities on
the balance sheet and their corresponding tax values, generally
using the enacted income tax rates at each balance sheet date.
Future income tax assets also result from unused loss carry-forwards
and other deductions. The valuation of future income tax assets is
reviewed quarterly and adjusted, if necessary, by use of a valuation
allowance to reflect the estimated realizable amount.
- 8 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
1. Operations and Summary of Significant Accounting Policies (cont'd)
Summary of Significant Accounting Policies (cont'd)
g) Foreign Currency Translation
Monetary items in foreign currencies are translated at the year-end
rates of exchange, except for hedged liabilities, which are
translated at contract rates. Non-monetary items in foreign currency
are translated at historical rates of exchange. Translation gains
and losses are included in determining net earnings.
h) Stock Based Compensation
The Company enters into transactions in which goods or services are
the consideration received for the issuance of equity instruments.
The value of these transactions are measured and accounted for,
based on the fair value of the equity instrument issued or the value
of the services, whichever is more reliably measurable. The services
are expensed in the periods during which the services are rendered.
i) Net Loss per Common Share
Basic loss per share is computed by dividing net loss attributable
to common shareholders by the weighted average number of common
shares outstanding. Fully diluted loss per share is computed similar
to basic loss per share except that the denominator is increased to
include the number of additional common shares that would have been
outstanding if the potential common shares had been issued.
j) Goodwill
Goodwill represents the excess purchase price paid on the
acquisition of the assets or a business over the value assigned to
the net identifiable assets acquired. Goodwill is written down (to
fair value) when declines in value are considered other that
temporary based on expected cash flows. Upon acquisition of RCA in
2002, the Company changed the nature of its business and the
goodwill was deemed to be of no value and written off.
2. Acquisition
On September 5, 2003, the Company acquired 20,452,000 shares (54.8%
interest) of Dialex Minerals Inc. for $280,315 and in consideration issued
2,220,000 common shares of the Company for $152,822. This transaction
resulted in contributed surplus of $127,493. At the date of acquisition,
the Company's interest in the net book value of Dialex amounts to a
deficiency of $386,037, which resulted in an adjustment to retained
earnings in the amount of $666,352.
- 9 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
3. Deferred Expenses
On January 6th, 2003 the Company arranged for senior secured debt
financing from Treelawn Investment Corp. in the gross aggregate amount of
$1,500,000. the net proceeds from the loan were $1,200,000. The $300,000
financing charge was set up as deferred expenses with the amount expensed
equally over the 24 month life of the loan, amounting to $ 25,000 expense
per month.
4. Property and Equipment
2003 2002
Accumulated Accumulated
Cost Amortization Cost Amortization
---------- ------------- ---------- --------------
Mining properties $5,765,672 $ -- $5,498,572 $ --
Furniture and equipment 10,264 1,026 -- --
Computer hardware 3,357 503 -- --
Computer software 3,978 1,989 -- --
---------- ---------- ---------- --------------
$5,783,271 $ 3,518 $5,498,572 $ --
---------- ---------- ---------- --------------
Net carrying amount $5,779,753 $ 5,498,572
---------- --------------
5. Advances from Related Parties
Advances from related parties are due to shareholders and private
companies which are owned by a shareholder. The advances are unsecured,
non interest bearing and have no specified terms of repayment.
- 10 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
6. Notes Payable
2003 2002
----------- -----------
Notes payable, non-interest bearing and maturing
on January 20, 2004, and repayable from proceeds
of production from one of the Company's properties $ 250,000 $ 250,000
Notes payable bearing interest at 12% and has no
specified terms of repayment 255,000 255,000
Notes payable non-interest bearing and has no specified
terms of repayment 49,000 49,000
Note payable from Treelawn, bearing interest at 20%,
repayable from proceeds of production from one of
the Company's properties and matures on January 6,
2005 1,775,000 --
----------- -----------
2,329,000 554,000
Current portion (554,000) (554,000)
----------- -----------
Long-term portion $ 1,775,000 $ --
=========== ===========
On January 6, 2003 the Company arranged for senior secured debt financing
from Treelawn Investment Corp. ("Treelawn"), in the amount of $1,500,000
plus accrued interest of $275,000. As partial consideration for the note,
the Company issued to Treelawn 20,000,000 two-year common share purchase
warrants exercisable at $0.10 per common share and 20,000,000 three-year
common share purchase warrants exercisable at $0.20 per common share. As a
result of these transactions, Treelawn beneficially owns securities
convertible into voting shares of the Company which, if fully exercised,
would result in Treelawn's holding approximately 39% of the current issued
and outstanding voting shares of the Company.
During fiscal 2002, notes payable of $225,000 were retired through either
payment in cash or issuance of shares.
- 11 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
7. Reserve for Loss Contingencies
The Company has recorded a $462,000 liability for loss contingencies. This
reserve was established as a result of a potential liability of Dialex
Minerals Inc. ("Dialex"), a controlled subsidiary, to the Internal Revenue
Service (IRS) as a result of actions by the former principal of Video Home
Shopping Inc., which has led to an investigation by the IRS. The Company
has contacted the IRS for information and has no indication that the
investigation concerns the Company directly. Management, nevertheless,
believes that said IRS investigation may relate, in part, to unpaid
Federal Withholding taxes, Social Security and Medicare taxes, employer's
taxes, and other payroll taxes and out of prudence, the Company has
elected to provide a reserve of $462,000.
8. Share Capital
Authorized
Unlimited number of common shares, no par value
2003 2002
------------- -------------
Issued
75,564,183 common shares (2002 - 63,237,200) $ 8,473,426 $ 7,259,171
============= =============
During the year, common shares were issued as follows:
a) 2,220,000 shares were issued for the acquisition of Dialex Minerals
Inc. at a value of $152,822.
b) 1,071,004 shares were issued for the acquisition of various properties
worth $107,100.
c) 4,500,000 shares were issued for services of $450,000.
d) 5,044,000 shares were issued for a total cash consideration of
$504,333.
The Company issued to Treelawn 20,000,000 two-year common share purchase
warrants exercisable at $0.10 per common share and 20,000,000 three-year
common share purchase warrants exercisable at $0.20 per common share. As a
result of these transactions, Treelawn beneficially owns securities
convertible into voting shares of the Company which, if fully exercised,
would result in Treelawn's holding approximately 39% of the current issued
and outstanding voting shares of the Company
- 12 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
9. Related Party Transactions
The following table summarizes the Company's related party transactions,
that occurred in the normal course of operations for the year, which are
measured at the exchange amount:
2003 2003
--------- ---------
Amounts Paid to Shareholders and Directors
General and administrative expenses $ 156,711 $ 344,191
Management fees 330,178 347,025
Exploration expenses -- 62,853
Consulting 91,121 --
Financial 24,500 --
At the end of the year, the advances from related entities
are as follows:
Included in Accounts Payable - due to directors
and management of the Company $ 319,249 $ --
Advances from shareholders and private
companies controlled by the shareholder 490,322 533,678
Notes payable from a company related to
a shareholder 304,000 304,000
10. Income Taxes
The Company has generated tax loss carry-forwards, the amounts of which
have not yet been determined, pursuant to the provincial and federal
taxation in Ontario and Canada. No recognition has been given in these
financial statements to the potential future tax benefits associated with
these losses.
11. Financial Instruments
The company's financial instruments recorded on the balance sheet consist
of cash, accounts payable, deposits, notes payable and amounts due to and
from related parties.
At November 30, 2003, the face value of the company's financial
instruments approximates their carrying value due to the short-term
maturity of these instruments. The carrying amounts of these short-term
financial instruments approximates the amount at which the financial
instrument could be exchanged in a current arm's-length transaction
between willing parties.
- 13 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
12. Commitments and Contingencies
a) On September 20, 2002, as part of the reverse takeover transaction,
the Company issued 530,000 warrants. Each warrant is exercisable at
$0.25 per common share and has a life of two years. These warrants
were issued to replace similar Northville warrants that were
outstanding before the reverse takeover.
The fair value of the warrants issued during the year was $65,195.
This fair value was estimated using the Black-Scholes model with the
assumptions of a 2-year expected term, 200% volatility and a
risk-free interest rate of 3%. The fair value was included in the
purchase price of the reverse takeover transaction, as required by
Canadian generally accepted accounting principles.
b) A Gold Loan Option was issued by Condor Gold Corp. on September 20,
2002 to Alexander Stewart in trust, an officer and director of the
Company. This option is exercisable into 12,000,000 common shares of
Condor Gold Corp. for no additional consideration and warrants to
acquire a further 8,000,000 common shares of Condor Gold Corp. at
$0.25 per common share. The option expired on March 31, 2003.
c) On January 6, 2003 the Company issued an option to enter into a
Royalty Agreement with Treelawn. Upon the payment of the exercise
price of $100,000 to the Company, the royalty agreement will entitle
Treelawn to royalties from the Company of:
(i) $100 per ounce of gold produced from the surface stockpile to a
maximum of 70,000 ounces of gold less any repayments made
towards the Note referred to in Note 6; and
(ii) $50 per ounce of gold produced from the ramp of the Murgold
Property located in Chester Township to a maximum of 68,000
ounces of gold.
d) Condor Gold Corp. is the plaintiff in an action initiated on August
19, 2003 against former shareholders and directors of Condor. The
purpose of Condor's action was to claim damages for negligence,
defamation and breach of contract by the defendants. In a statement
of defence and counterclaim filed on or about November 20, 2003, the
defendants joined the subsidiary companies of Condor as defendants
by counterclaim. The counter claim has not been formally served on
the subsidiary companies. It is management's opinion and that of its
legal counsel that the counterclaim action is frivolous, vexatious
and without merit and as such, management has made no provision for
it in these financial statements.
- 14 -
CONDOR GOLD CORP.
(A DEVELOPMENT STAGE COMPANY)
Notes to Consolidated Financial Statements
November 30, 2003
13. Notes Receivable
During 2003, notes receivable for a share subscription program were set-up
in the amount of $286,666 and were retired through the receipt of cash
within the fiscal year.
14. Comparative Information
Certain figures for the year ended November 30, 2002 have been
reclassified to conform with the current year's financial statement
presentation.
- 15 -
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
CONDOR GOLD CORP.
Date April 22, 2004 /s/ Alexander G. Stewart
-------------------------------------
Alexander G. Stewart
Chief Executive Officer
Date April 22, 2004 /s/ L. Kirk Boyd
-------------------------------------
L. Kirk Boyd
Chief Financial Officer
- 16 -