Condor Gold plc received total gross proceeds of £22,916.30 following notices to exercise warrants from CEO and executive chairman Mark Child and another shareholder.
The company said it was issuing a total of 91.666 new ordinary shares with a nominal value of 20p each in the capital of the company at an exercise price of 25p per share.
Following the issue of the shares, Mr Child will have 4,268,333 ordinary shares representing 2.7% of the company’s enlarged issued share capital.
Following admission of the shares, the company will have 158,629,530 ordinary shares with a nominal value of 20p each in issue.