Condor Gold plc announced it now held net cash of £8 million to further drilling, production and expansion of mineral resource at its La India project in Nicaragua. The announcement follows an oversubscribed private placing which raised £4 million. bityl.co/5czD Condor Gold’s chairman and chief executive Mark Child said that the company issued new ordinary […]
Tag: Condor Gold plc
Condor Gold raises £4 million via private placing
Condor Gold plc announced it has raised £4 million after placing 9,523,810 new ordinary shares in the company of 20p each (placing shares) at a price of 42p per placing share. The placing includes Condor Gold directors’ and chief financial officer’s subscriptions of 4,871,414 placing shares to raise in aggregate gross proceeds of £4,000,000 (placing) before expenses. The placing […]
Condor Gold raises £28,546 through warrant exercise
Condor Gold plc today announced it had received £28,546 following notices to exercise the remaining warrants issued by the company in February 2019. PRIVATE PLACEMENT The company issued 92,083 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share. In February […]
Condor Gold completes La India ground investigation
Condor Gold plc said it had completed a ground investigation programme comprising 23 geotechnical drill holes and 58 test pits at La India gold mine project in Nicaragua. The company is moving the project from a pre-feasibility level of design to final engineering designs on key infrastructure ahead of the mine’s construction. The ground investigation […]
Condor Gold starts second rig to drill 4,000m at La India
Condor Gold plc announced that a second drill rig had started a 4,000 metre infill diamond drilling programme at the ‘high-grade’ starter pits La India, Nicaragua. The company said that the starter pits were designed pits containing 445Kt at 4.17g/t gold for 59,700 oz gold using a 2.0g/t gold cut-off. The rig was mobilised for […]
Condor Gold raises £18,600 through warrant exercise
Condor Gold plc has raised £18,600 following the exercise of warrants to issue 60,000 new ordinary shares with a nominal value of 20p each in the capital of the company at a subscription price of 31p per share.