Condor Gold PLC Significant Shareholders (6033Y)
March 06 2017 - 4:07AM
UK Regulatory
TIDMCNR
RNS Number : 6033Y
Condor Gold PLC
06 March 2017
Condor Gold plc
7(th) Floor
39 St. James's Street
London
SW1A 1JD
Telephone +44 020 7493 2784
Fax: +44 020 74938633
6(th) March 2017
Condor Gold plc
("Condor" or "the Company")
Significant Holdings in Company
Condor Gold plc announces that, following the successful
Placing, which raised gross proceeds of approximately GBP5.242
million (See RNS dated 20(th) February 2017), the resultant
significant shareholdings in the Company are now as follows:
Shareholder No Shares Held Percentage Shareholding
Ross Beaty 5,362,903 8.74%
IFC 4,500,000 7.33%
Oracle Investment
Limited 4,054,645 6.61%
Mark Child 3,962,500 6.46%
Hargreave Hale
Limited 3,111,290 5.07%
Jim Mellon* 3,019,330 4.92%
* Jim Mellon now owns a direct and indirect aggregate
shareholding of 3,019,330 Ordinary Shares or 4.92% of the Company's
issued share capital. This represents a direct interest in
1,256,108 Ordinary Shares and an indirect interest in 1,763,222
Ordinary Shares held through Galloway Limited. Galloway Limited is
wholly owned by Burnbrae Group Limited, which is in turn, wholly
owned by Jim Mellon.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
- Ends -
For further information please visit www.condorgold.com or
contact:
Condor Gold plc Mark Child, Executive
Chairman and CEO
+44 (0) 20 7493 2784
Beaumont Cornish Roland Cornish and
Limited James Biddle
+44 (0) 20 7628 3396
Numis Securities
Limited John Prior and James
Black
+44 (0) 20 72601000
Farm Street Media Simon Robinson
+44 (0) 7593 340107
About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31st May 2006. The
Company is a gold exploration and development company with a focus
on Central America.
Condor completed a Pre-Feasibility Study (PFS) and two
Preliminary Economic Assessments (PEA) on La India Project in
Nicaragua in December 2014. The PFS details an open pit gold
mineral reserve of 6.9M tonnes at 3.0g/t gold for 675,000 oz gold
producing 80,000 oz gold p.a. for 7 years. The PEA for the open pit
only scenario details 100,000 oz gold production p.a. for 8 years
whereas the PEA for a combination of open pit and underground
details 140,000 oz gold production p.a. for 8 years. La India
Project contains a total attributable mineral resource of 18.4Mt at
3.9g/t for 2.33M oz gold and 2.68M oz silver at 6.2g/t to the CIM
Code.
In El Salvador, Condor has an attributable 1,004,000 oz gold
equivalent at 2.6g/t JORC compliant resource. The resource
calculations are compiled by independent geologists SRK Consulting
(UK) Limited for Nicaragua and Ravensgate and Geosure for El
Salvador.
Disclaimer
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) is incorporated into, or forms part of, this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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