Condor Gold plc said it continued to receive “substantial interest” for its La India open it in Nicaragua, but cautioned that a sale was not certain. RARITY The company, which announced the sale of its flagship asset in November 2022, added it was encouraged by the process to date. Five non-binding offers have been made, […]
Tag: Condor Gold plc
Condor Gold grants 4.6m share options
Condor Gold plc granted directors, employees and consultants a total 4.6 million share options, representing 2.45% of the issued share capital, under its existing share option scheme. PDMRs* On 6 July, directors receiving in total 3,250,000 options include chief executive officer Mark Child 1,250,000 options; chairman Jim Mellon 300,000; non-executive directors Kate Harcourt 300,000; Andrew […]
Condor receives non-binding offers for La India
Condor Gold plc has received non-binding offers with further expected for its flagship La India gold project in Nicaragua. NON-DISCLOSURE AGREEMENTS The company is in the first phase of the sales process with “various parties having conducted site visits and others ongoing”. “Three formal expressions of interest including two non-binding offers (subject to further due […]
Condor Gold appoints Denham Eke as NED
Condor Gold plc has appointed Denham Eke as a non-executive director of the company. Mr Eke’s appointment is a condition of Galloway Ltd’s subscription for the £1m unsecured convertible loan notes on 28 November. He is the sole director of Galloway Ltd, an 18.7% shareholder in Condor which is wholly owned by Burnbrae Group Ltd […]
Condor Gold raises £3.3m for La India sale
Condor Gold plc raised £3.3 million from an open offer of 12,156,374 shares and placing 3,004,999 new ordinary shares along with a previous £1m investment from the company’s chairman. FUNDRAISE The fundraise announced on 5 December allowed qualifying shareholders to subscribe for one open offer share for every six existing ordinary shares at a price […]
Condor Gold to sell La India
Condor Gold plc is selling the company’s flagship La India open pit project in Nicaragua. MINE EXPERTISE La India comprises 588 km2 of 12 contiguous and adjacent concessions. The open pit is de-risked and nearly ready for construction which will take 18 months from receipt of project financing. The company aims to sell the project […]