Metals Exploration plc today took full ownership of Nicaragua-focused Condor Gold plc following yesterday’s High Court sanction. BOARD Condor non-executive chairman Jim Mellon is expected to be appointed to Metals’ board as a non-executive director, subject to regulatory checks. He will be paid a director’s fee on similar terms to Metals’ existing non-executive directors. All […]
Tag: Abra gold exploration project – Philippines
Court sanctions Metals acquisition of Condor
Metals Exploration Ltd’s acquisition of Condor Gold plc has today been sanctioned by the High Court, with completion expected tomorrow. Following admission of 830,145,842 new Metals shares, the company will have 2,951,875,559 ordinary shares of £0.0001 each in issue, of which 393,513,302 ordinary shares are held in treasury. The total number of voting rights is therefore […]
Condor and Metals agree terms for acquisition
Condor Gold plc and Metals Exploration plc have agreed the terms and conditions to the Metals’ recommended offer for Condor. DIVERSIFICATION Announced two days ago, the offer is intended to be implemented by means of a court-sanctioned scheme of arrangement, although Metals reserves the right to a takeover offer. Completion of the acquisition, which includes the flagship […]