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(Alliance News) - Condor Gold PLC on Friday said it has completed a previously announced GBP4.0 million share placing.
The placing was announced earlier in June. Nicaragua Milling Co Ltd has taken 9.8 million new shares, out of a total of 20.2 million, issued at 20 pence each. Shares were 2.9% lower Friday at 17.00p.
Chair & Chief Executive Mark Child said in June: "The proceeds will also be used to meet conditions of the environmental permit including the completion of engineering and other technical studies and for the acquisition of some or all of land for the mine site infrastructure."
On Tuesday, Condor was given more time to buy land at the La India mine in Nicaragua, on which to build mine infrastructure.
