Condor Gold plc today announced it had received £28,546 following notices to exercise the remaining warrants issued by the company in February 2019.
PRIVATE PLACEMENT
The company issued 92,083 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share.
In February 2019, as part of a private placement of shares, the company issued warrants to subscribe for 3,645,830 shares at an exercise price of 31p per share.
The warrants have been exercised in full at various stages over the past 24 months, raising in total £1,130,207 for the company, including the recent purchase.
The purchase includes the exercise of warrants to acquire 15,000 shares by Andrew Cheatle, a non-executive director of the company.
Following the issue of the shares, he will be interested in 119,050 ordinary shares representing 0.1% of the company’s enlarged issued share capital.