Condor Gold plc’s sale to Metals Exploration plc was today overwhelmingly approved by shareholders.
HIGH COURT
At a court meeting shareholders, together representing more than 75% of the voting rights, agreed to the sale by 99.41%.
At a general meeting a total of 99.37% also voted in favour of the proposed transaction.
Completion of the deal is still subject to Metals’ shareholders of remaining conditions and the High Court’s sanction at a hearing expected on 13 January 2025.
Condor’s assets include the shovel-ready La India project along with the Estrella and Rio Luna projects in Nicaragua.
Metals’ proposed acquisition of Condor adds to its mature Runruno mine and the early-stage Abra copper-gold exploration project, both in the Philippines.