Condor Gold PLC Preliminary Non-Offering Prospectus for TSX Filed (4922W)
November 15 2017 - 1:00AM
UK Regulatory
TIDMCNR
RNS Number : 4922W
Condor Gold PLC
15 November 2017
Condor Gold plc
7(th) Floor
39 St. James's Street
London
SW1A 1JD
Telephone +44 020 74932794
Fax: +44 020 74938633
15(th) November 2017
Condor Gold plc
('Condor', 'Condor Gold' or 'the Company')
Preliminary Non-Offering Prospectus for TSX Filed
Further to the announcement on 24(th) October 2017 regarding the
receipt of conditional approval from the Listing Committee of the
Toronto Stock Exchange ("TSX"), Condor Gold (AIM: CNR; OTCQX:
CNFGF) is pleased to announce that it has filed a preliminary
non-offering prospectus ("preliminary prospectus") with the Ontario
Securities Commission.
Mark Child, Chairman and CEO comments:
"The TSX listing will further build the profile of the Company
and understanding of its potential among North American investors.
Condor's Central American focus and the robust attributes of its
flagship La India Project make a compelling case for listing the
Company on the TSX, the number one public market globally for
mining companies.
"La India Project contains a mineral resource in the Indicated
category of 9.6 million tonnes ("Mt") at 3.5 grams per tonne
("g/t") for 1.08 million oz gold and a total mineral resource in
the Inferred category of 8.5 Mt at 4.5 g/t for 1.23 million oz
gold, together with mineral reserve in the Probable category of 6.9
Mt at 3.0 g/t for 675,000 million oz gold. The Indicated mineral
resource is inclusive of the mineral reserve. The La India Project
is permitting a 2,800 tonnes per day processing plant with a
capacity to produce 100,000 oz gold per annum from a single open
pit. Condor continues with its strategy of proving a major Gold
District."
The preliminary prospectus is a non-offering prospectus, which
contains important information relating to the Company's business
and operations and ordinary shares, and is still subject to
completion or amendment and final receipt and acceptance by the
Ontario Securities Commission. Copies of the preliminary prospectus
are available under the Company's profile on SEDAR at
www.sedar.com. The Company will update investors once this has been
accepted in final form by the Ontario Securities Commission and the
other conditions to listing on the TSX have been satisfied.
The Company will remain listed on the AIM market of the London
Stock Exchange and its shares trade on the OTCQX.
- 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 7260
1000
Blytheweigh Tim Blythe, Camilla
Horsfall and Megan
Ray
+44 (0) 20 7138 3204
About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31(st) May 2006. The
Company is a gold exploration and development company with a focus
on Central America.
Condor published a Pre-Feasibility Study ("PFS") on its wholly
owned La India Project in Nicaragua in December 2014, as summarized
in the Technical Report (as defined below). The PFS details an open
pit gold mineral reserve in the Probable category of 6.9 Mt at 3.0
g/t gold for 675,000 oz gold, producing 80,000 oz gold per annum
for seven years. La India Project contains a mineral resource in
the Indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz
gold and a total mineral resource in the Inferred category of 8.5
Mt at 4.5 g/t for 1.23 million oz gold. The Indicated mineral
resource is inclusive of the mineral reserve.
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.
Technical Information
The disclosure contained in this news release of a scientific or
technical nature has been summarized or extracted from the
technical report titled "Technical Report on the La India Gold
Project, Nicaragua, December 2014", dated November 13, 2017 with an
effective date of December 21, 2014 (the "Technical Report"),
prepared in accordance with National Instrument 43-101 - Standards
of Disclosure for Mineral Projects ("NI 43-101"). The Technical
Report was prepared by or under the supervision of Tim Lucks,
Principal Consultant (Geology & Project Management), Gabor
Bacsfalusi, Principal Consultant (Mining), Benjamin Parsons,
Principal Consultant (Resource Geology), each of by SRK Consulting
(UK) Limited, and Neil Lincoln of Lycopodium Minerals Canada Ltd.,
each of whom is an independent Qualified Person as such term is
defined in NI 43-101.
David Crawford, Chief Technical Officer of the Company and a
Qualified Person as defined by NI 43-101, has approved the written
disclosure in this press release.
Forward Looking Statements
Certain statements in this news release constitute
forward-looking information under applicable Canadian securities
laws. These statements relate to future events or future
performance and include, but are not limited to, estimates of
mineral resources and mineral reserves, the listing of ordinary
shares on the TSX and benefits thereof, future gold production at
the La India Project and the continued listing of the Company on
AIM. All statements other than statements of historical fact may be
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "objectives", "strategies",
"estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. The Company
believes the expectations reflected in those forward-looking
statements are reasonable but no assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. The Company does not undertake any obligation to
update forward-looking statements except as required by applicable
securities laws.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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