Condor Gold plc has entered into an unsecured term loan facility for up to £475,000 with Galloway Ltd. LA INDIA Galloway, owned by Burnbrae Group Ltd which is in turn owned by Condor’s chairman Jim Mellon, owns 26.13% of Condor’s issued ordinary share capital. Condor non-executive director Denham Eke is also a director of Burnbrae […]
Tag: Condor Gold plc
Condor has ‘preferred bidder’ for La India
Condor Gold plc said that there was still substantial interest, with one preferred bidder, for La India open pit in Nicaragua. CONFIDENT Currently 11 companies are under non-disclosure agreements, five non-binding offers have been received and three site visits completed. Condor added it had received an “additional formal expression of interest” in the past three […]
Condor issues 1m shares in options exercise
Condor Gold plc has issued one million shares for a total £220,000 following notices to exercise options, from 2019, with an exercise price of 22p. The company issued 300,000 ordinary shares to Galloway Ltd and chairman Jim Mellon who will hold a total 53,402,480 ordinary shares, representing 26.12% of the company’s issued ordinary shares. Chief […]
Condor Gold grants 4.9m share options
Condor Gold plc granted 4,900,000 share options, representing 2.41% of the issued share capital, under its existing share option scheme to directors, employees and consultants for 2024. On 29 May, chief executive Mark Child and non-executive director Ian Stalker each received one million options; chairman Jim Mellon and NED Denham Eke each received 500,000; NED […]
Condor CEO receives 235,000 bonus shares
Condor Gold plc chief executive Mark Child has received a bonus of 235,294 shares at 28 pence each in the company for the financial year ended 31 December 2023. The company’s remuneration committee recommended the bonus which the board approved with Mr Child absent from the process. Following the issue of the 235,294 payment shares, […]
Condor chairman increases holding
Condor Gold plc received notice from its chairman’s company to exercise warrants for 3,333,332 new ordinary shares of £0.001 each, at an issue price of 15p per share for £499,999.80. LA INDIA The notice came from Galloway Ltd, wholly owned by Burnbrae Group Ltd, which in turn is wholly owned by chairman Jim Mellon. Condor […]