Metals Exploration plc said its initial estimates showed “significant improvements” to the previous bankable study for La India gold mine project in Nicaragua. ADVANCED Following a site visit last November and internal studies, the company has increased the 2022 figures for open pit mining to 2025 figures based on open pit / underground production. Annual […]
Tag: La India – Nicaragua
Metals completes Condor acquisition
Metals Exploration plc today took full ownership of Nicaragua-focused Condor Gold plc following yesterday’s High Court sanction. BOARD Condor non-executive chairman Jim Mellon is expected to be appointed to Metals’ board as a non-executive director, subject to regulatory checks. He will be paid a director’s fee on similar terms to Metals’ existing non-executive directors. All […]
Court sanctions Metals acquisition of Condor
Metals Exploration Ltd’s acquisition of Condor Gold plc has today been sanctioned by the High Court, with completion expected tomorrow. Following admission of 830,145,842 new Metals shares, the company will have 2,951,875,559 ordinary shares of £0.0001 each in issue, of which 393,513,302 ordinary shares are held in treasury. The total number of voting rights is therefore […]
Condor issues 300,000 option shares
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 […]
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 […]