Junior M&A, appointments, financing roundup: Condor, Estrella, Brazil Resources, Southern Legacy, Pacific Rim, Calvista

Vancouver's Condor Resources (TSX-V: CN) has signed a binding letter of intent with Mariana Resources (TSX: MRY), under which Mariana can earn an interest in Condor's Condor de Oro project in northern Peru. Mariana can earn a 51% interest in each of two gold and base metal target areas by making total cash payments of US$5mn and exploration expenditures that total US$25mn over a four-year period, Condor said in a statement. *** Vancouver-based Estrella Gold (TSX-V: EST) reported it has increased its previously announced private placement offering to Cdn$1.13mn (US$1.15mn) from Cdn$750,000 after the placement was oversubscribed. The new offering of 7.56mn units is fully subscribed, the company added. The funds will go to advancing three gold-focused properties in Peru, continuing JV talks on current projects, exploring four licenses in the Dominican Republic and general working capital and corporate purposes. *** Brazil Resources (TSX-V: BRI) reported it has acquired a 198,068ha mineral concession in Paraguay's Concepción department. The area, dubbed the Apa High project, sits along the Brazilian border at the southern extension of the Cuiaba gold belt of Mato Grosso state, the company said. A structural and geochemical analysis of the project is planned. *** Lima-based Southern Legacy Minerals (TSX-V: LCY) reported it is in the process of listing on the Lima Stock Exchange in addition to its Toronto listing, and expects the process to be complete by year-end. Additionally, the company has decided to focus its resources on its flagship AntaKori copper-gold-silver project in Peru's Cajamarca region, where preliminary metallurgical testing is targeted for completion in 1Q13, and is evaluating business alternatives for its Puchuldiza and Maricunga properties in Chile. *** Vancouverite Pacific Rim Mining (TSX: PMU) reported it has closed its non-brokered private placement of 42.2mn common shares worth Cdn$4.22mn to OceanaGold. Pacific Rim has the El Dorado gold project in El Salvador. *** Toronto's Calvista Gold (TSX-V: CVZ) has entered into a binding term sheet for a US$3mn loan from Marret Asset Managmeent. Calvista may draw the loan in two US$1.5mn segments or in full by January 31, 2013, or may extend the maturity date by one year subject to higher interest. The company has in turn issued the lenders 1.25mn common share purchase warrants. The company is focused on gold exploration in Colombia.