TIDMCNR
RNS Number : 4540K
Condor Gold PLC
10 April 2018
10(th) April 2018
Condor Gold plc
("Condor", "Condor Gold" or the "Company")
Holdings in the Company
Total Voting Rights
Condor Gold (AIM: CNR; OTCQX: CNDGF; TSX: COG) announces that
following the Placing as announced on 23(rd) March 2018, as far as
it is aware the following are the significant shareholdings in the
Company's Ordinary Shares of 20 pence each (the "Ordinary
Shares"):
Shareholder Ordinary shares Percentage
held (number) of total ordinary
shares issued
------------------------------ ---------------- -------------------
Ross Beaty 5,362,903 7.98%
------------------------------ ---------------- -------------------
Canaccord Genuity Group
Inc (held through Hargreave
Hale Limited) 4,506,639 6.71%
------------------------------ ---------------- -------------------
International Finance
Corporation (the "IFC") 4,500,000 6.70%
------------------------------ ---------------- -------------------
Oracle Investment Limited 4,077,038 6.07%
------------------------------ ---------------- -------------------
Mark Child (Director) 3,962,500 5.90%
------------------------------ ---------------- -------------------
Jim Mellon (Director)* 3,750,725 5.58%
------------------------------ ---------------- -------------------
City Financial Investment
Company Limited 3,486,376 5.19%
------------------------------ ---------------- -------------------
Notes:
* Jim Mellon now owns a direct and indirect aggregate
shareholding of 3,750,725 Ordinary Shares or 5.58% of the Company.
The direct interest is in 1,937,503 Ordinary Shares and the
indirect interest in 1,813,222 Ordinary Shares held through
Galloway Limited. Galloway Limited is wholly owned by Burnbrae
Group Limited which is, in turn, wholly owned by Jim Mellon.
In addition, in conformity with the Disclosure and Transparency
Rules of the Financial Conduct Authority, the Company announces the
following:
As at the date of this announcement the Company's issued share
capital consists of 67,179,335 Ordinary Shares with voting rights.
The Company does not hold any Ordinary Shares in Treasury.
Therefore the total number of Ordinary Shares in the Company
with voting rights is 67,179,335.
The above figure of 67,179,335 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Conduct Authority's Disclosure and
Transparency Rules
- Ends -
For further information please visit www.condorgold.com or
contact:
Condor Gold plc Mark Child, Chairman and CEO
+44 (0) 20 7493 2784
Beaumont Cornish Roland Cornish and James Biddle
Limited +44 (0) 20 7628 3396
Numis Securities John Prior and James Black
Limited +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 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
Certain disclosure contained in this news release of a
scientific or technical nature has been summarized or extracted
from the technical report entitled "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 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 that is of a technical or
scientific nature.
Forward Looking Statements
All statements in this press release, other than statements of
historical fact, are "forward-looking information" with respect to
the Company within the meaning of applicable securities laws,
including statements with respect to: completion of the Placing and
the Directors' Subscription, the admission of the Placing Shares
and Directors' Shares on AIM, the use of proceeds of the Placing,
the Company's receipt of permits for the La India Project,
estimates of future production at the La India Project, and
estimates of mineral resources and mineral reserves.
Forward-looking information is often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue",
"strategies", "estimate", "expect", "project", "predict",
"potential", "targeting", "intends", "believe", "potential",
"could", "might", "will" and similar expressions. Forward-looking
information is not a guarantee of future performance and is based
upon a number of estimates and assumptions of management at the
date the statements are made including, among others, assumptions
regarding: future commodity prices and royalty regimes;
availability of skilled labour; timing and amount of capital
expenditures; future currency exchange and interest rates; the
impact of increasing competition; general conditions in economic
and financial markets; availability of drilling and related
equipment; effects of regulation by governmental agencies; the
receipt of required permits; royalty rates; future tax rates;
future operating costs; availability of future sources of funding;
ability to obtain financing and assumptions underlying estimates
related to adjusted funds from operations. Many assumptions are
based on factors and events that are not within the control of the
Company and there is no assurance they will prove to be
correct.
Such forward-looking information involves known and unknown
risks, which may cause the actual results to be materially
different from any future results expressed or implied by such
forward-looking information, including, risks related to: mineral
exploration, development and operating risks; estimation of
mineralisation, resources and reserves; environmental, health and
safety regulations of the resource industry; competitive
conditions; operational risks; liquidity and financing risks;
funding risk; exploration costs; uninsurable risks; conflicts of
interest; risks of operating in Nicaragua; government policy
changes; ownership risks; permitting and licencing risks; artisanal
miners and community relations; difficulty in enforcement of
judgments; market conditions; stress in the global economy; current
global financial condition; exchange rate and currency risks;
commodity prices; reliance on key personnel; dilution risk; payment
of dividends; as well as those factors discussed under the heading
"Risk Factors" in the Company's long-form prospectus dated December
21, 2017, available under the Company's SEDAR profile at
www.sedar.com.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking information,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. The Company disclaims any intention
or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise
unless required by law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLBDGDSDXBBGIG
(END) Dow Jones Newswires
April 10, 2018 10:00 ET (14:00 GMT)
Condor Gold (LSE:CNR)
Historical Stock Chart
From Apr 2024 to May 2024
Condor Gold (LSE:CNR)
Historical Stock Chart
From May 2023 to May 2024