Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCondor Gold Share News (CNR)

Share Price Information for Condor Gold (CNR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 22.50
Bid: 22.00
Ask: 23.00
Change: -0.25 (-1.10%)
Spread: 1.00 (4.545%)
Open: 22.75
High: 22.75
Low: 22.50
Prev. Close: 22.75
CNR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Condor Gold raises GBP1 million via chair's company

Tue, 05th Dec 2023 11:56

Condor Gold PLC - Gold exploration company with operations focused on Nicaragua - Notes that Galloway Ltd, owned by Condor Gold Chair Jim Mellon's Burnbrae Group Ltd, sends notice to Condor Gold which will result in the issue of 6.7 million new shares at an issue price of 15p per share to raise GBP1 million. Condor Gold has approval for the shares to be listed on the Toronto Stock Exchange. Condor Gold adds that it is in discussions with other shareholders who have expressed interest in investing alongside the chair and largest shareholder on the same terms, with an update to be provided shortly. Chair Jim Mellon says: "I continue to be impressed with the asset sale process. We are very aware of the value of our assets and will maximise value for all shareholders. My investment of a further GBP1 million is designed to ensure sufficient financial runway during the sales process until a desired price is achieved."

Condor Gold says that the fundraise is regarding a feasibility study on the La India open pit in Nicaragua. After the study last month, it had appointed H&P Advisory Ltd to seek a buyer for the assets of the company. That month, Condor Gold said it had received three formal expressions of interest for the acquisition of its La India gold project. Further, it had said the sales process for the project was entering its first phase, with multiple parties having conducted site visits, while others were ongoing.

Current stock price: 15.35 pence, up 9.6% on late Tuesday morning in London

12-month change: down 16%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
29 Apr 2015 13:36

Condor Gold Settles Injury Claim With Former Employee

Read more
6 Mar 2015 14:18

UK DIRECTOR DEALINGS SUMMARY: GBP23.9 Million In Urban&Civic Sold

Read more
4 Mar 2015 09:47

DIRECTOR DEALINGS: Condor Gold Chairman Buys 30,000 Shares

Read more
26 Jan 2015 08:19

Condor Gold Starts Drilling Programme, Soil Sampling On La India

Read more
14 Nov 2014 08:37

Condor Gold Shares Up On Positive Study Results For La India Project

Read more
27 Oct 2014 08:31

UK MORNING BRIEFING: Lloyds Bank Falls Amid Stress Test Relief Rally

Read more
27 Oct 2014 08:07

Condor Gold Completes GBP6.1 Million Fundraising For La India (ALLISS)

Read more
9 Oct 2014 09:27

Thursday broker round-up UPDATE

African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe

Read more
9 Oct 2014 08:44

UK BROKER RATINGS: Macquarie Raises LSE, 3I And St James's Place

Read more
1 Oct 2014 10:12

Condor Gold Studies For La India Delayed Due To Expanded Scope

Read more
11 Sep 2014 09:20

Condor Gold Raises GBP6.4 Million For Further La India Studies

Read more
10 Sep 2014 14:53

Condor Gold Renegotiates Final Payment For La Mojarra To All Share

Read more
19 Aug 2014 16:24

Condor Gold finds gold mineralisation on Nicaragua site

Condor Gold described its geologists' findings of gold mineralisation on the Real de La Cruz Prospect in the La India project in Nicaragua as "highly encouraging". The British-based company said the Real de La Cruz area had the potential to become a low-grade feeder as the deposited is situated onl

Read more
19 Aug 2014 09:00

Condor Gold Says La India Trenching Indicates Top Of Gold System

Read more
2 Jul 2014 09:38

Wednesday broker round-up UPDATE

Anite: Investec places its target price (prev.: 88p) under review, while its hold recommendation remains unchanged. Ashcourt Rowan: N+1 Singer moves target price from 231p to 242p and keeps a buy recommendation. BG Group: Canaccord Genuity raises target price from 1250p to 1450p upgrading from hol

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.