02:00 Tue 09 Feb 2021
Condor Gold PLC - Exercise of Warrants and Receipt of £28,546
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Condor Gold plc 7/ Godalming, GU7 1JX Tel: +44 (0) 207 493 2784
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Condor Gold Plc
("Condor Gold","Condor" or the "Company")
Exercise of Warrants and Receipt of
Condor Gold (AIM: CNR; TSX: COG) announces that pursuant to receipt of notices of exercise, the remaining warrants issued by the Company in
In
The Purchase includes the exercise of warrants to acquire 15,000 Shares by
Application has been made for the Shares to be admitted to trading on AIM ("Admission"), with Admission expected to occur on or around
The Shares will rank pari passu with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared after the date of their issue.
Following Admission of the Shares, the Company will have 120,995,591 ordinary shares with a nominal value of 20p each in issue with voting rights and admitted to trading on AIM and the TSX. This figure may then be used by shareholders in the Company as the denominator for the calculation 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 and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Rules of the Canadian securities administrators.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
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2 |
Reason for notification |
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a) |
Position / status |
Non-Executive Director
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b) |
Initial notification /Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Condor Gold plc
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b) |
LEI |
213800PFKETQA86RHL82
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument
Identification code |
15,000 Ordinary shares of
ISIN GB00B8225591
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Nature of the transaction |
Purchase of Ordinary shares as described above
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c) |
Price(s) and volumes(s) |
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d) |
Aggregated information |
n/a |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
- Ends -
For further information please visit www.condorgold.com or contact:
Condor Gold plc |
+44 (0) 20 7493 2784 |
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Beaumont Cornish Limited |
+44 (0) 20 7628 3396 |
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SP Angel Corporate Finance LLP
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+44 (0) 20 3470 0470 |
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Blytheweigh |
+44 (0) 20 7138 3204 |
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About Condor Gold plc:
Condor Gold plc was admitted to AIM in
In
Environmental Permits have also been granted in April and
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.
Qualified Persons
The technical and scientific information in this press release has been reviewed, verified and approved by
Technical Information
Certain disclosure contained in this news release of a scientific or technical nature has been summarised or extracted from the technical report entitled "Technical Report on the La India Gold Project,
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: Mineral Reserves and Resources at La India Project. 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
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.
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