Condor Gold plc has received an additional £851,999 via directors dealings following its chairman’s recent £1 million investment. NON-EXECUTIVE DIRECTORS The company issued 5,679,994 new ordinary shares each at £0.15, principally to existing shareholders. As part of the placing non-executive directors Andrew Cheatle and Ian Stalker have subscribed, directly or indirectly, for 33,333 and 66,666 […]
Tag: Condor Gold plc
Condor Gold chairman’s £1m ‘financial runway’ for La India sales process
Condor Gold plc chairman Jim Mellon exercised warrants for £1 million to ensure the company has sufficient money during the sales process for La India gold project. OFFERS The exercise over 6,666,667 new ordinary shares, each at an issue price of £0.15, was by Galloway Ltd, owned by Burnbrae Group Ltd which is, in turn, […]
Condor Gold NED Kate Harcourt retires
Condor Gold plc non-executive director Kate Harcourt has retired and will leave the board with immediate effect. Chief executive officer Mark Child said Ms Harcourt had made a “substantial” contribution over the past eight years, describing her as a “wonderful mentor”. “As a senior environmental and social adviser on the board, her strategic advice and […]
Condor Gold attracts ‘substantial interest’ in La India but cautions sale is not guaranteed
Condor Gold plc said it continued to receive “substantial interest” from potential buyers of its La India project 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 […]
Condor Gold grants 4.6 million share options to PDMRs and employees
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 Gold 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 […]