Condor Gold plc has issued 300,000 new ordinary shares with a nominal value of £0.001 each, at a 23p per share subscription following an options exercise for £69,000. Non-executive director Ian Stalker received the shares and, in conjunction with Promaco Consulting Services Ltd, a company beneficially owned by him, and Promaco Ltd, a company owned […]
Tag: Condor Gold plc
Metals shareholders approve Condor acquisition
Metals Exploration plc shareholders have approved the acquisition of Nicaragua-focused Condor Gold plc. TIMELINE At yesterday’s general meeting more than 99% of votes were in favour of the purchase. Completion of the acquisition is subject to remaining conditions and High Court sanction at a hearing expected on 13 January 2025. Condor shareholders approved the sale […]
Condor shareholders approve sale
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 […]
Condor issues 100,000 shares via options exercise
Condor Gold plc has issued to a non-executive director 100,000 new ordinary shares with a nominal value of £0.001 each, following notice of the exercise of 2019 options. John Ian Stalker paid the exercise price of 22p for each new ordinary share, totalling £22,000 for the company. In conjunction with Promaco Consulting Services Ltd, owned […]
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 […]
Condor receives non-binding buyout offers
Condor Gold plc has received non-binding offers including a $90.1 million cash-shares acquisition by Metals Exploration plc and an undisclosed proposal from Calibre Mining Corp. GALLOWAY Condor’s 24.7% shareholder Galloway Ltd, owned by Condor non-executive chairman Jim Mellon, has made an irrevocable undertaking to sell its share to Metals. Galloway holds 50,512,597 shares and 892,857 share […]