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 […]
Tag: La India – Nicaragua
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 Gold agrees up to £475,000 loan
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 […]
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 […]
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 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 […]